Tax Credits and Funding
When you hire co-op students you may qualify for tax incentives and financial awards.
Your Co-op Program Coordinator will work with you to navigate the funding programs, but don’t let that stop you from exploring the various programs available.
Co-op Students Hiring Incentive (COS-HI)
The Paid Work Experience Tax Credits are a group of programs that help employers create work experience opportunities for students in Manitoba.
The Co-op Students Hiring Incentive (COS-HI) is specifically an employer benefit that provides: a 15% salary tax credit, up to a maximum of $5,000 per undergraduate student.
Learn more: Co-op Students Hiring Incentive (COS-HI)
Co-op Graduates Hiring Incentive (COG-HI)
The Co-op Graduates Hiring Incentive (COG-HI) is designed to connect graduates of registered co-operative education programs to full-time employment related to their field of study.
For tax years ending after 2015, employers who hire a student as part of a registered co-operative education program can claim 15% of wages and salaries, up to a lifetime maximum of $5,000 per student.
To find approved co-operative education programs, please visit the Manitoba Co-operative Education Programs Registry ( 173 KB).
Manitoba Research and Development Tax Credit
This program targets scientific research and experimental development (as defined for federal purposes) carried on in Manitoba. Corporations may earn a tax credit which can be applied against Manitoba corporate income tax payable in the year earned, with unused credits available for a 20-year carry-forward (previously 10 years) and a three-year carry-back. This income tax credit is administered by the Canada Revenue Agency on behalf of Manitoba. The tax credit rate is 20% for eligible expenditures made before April 12, 2017 and 15% for eligible expenditures made after April 11, 2017.
Canada Manitoba Job Grant
Employers are eligible to apply for up to $10,000 for each individual employee or prospective employee to assist with direct training costs.
Contact: Industry Services
Learn More: https://www.gov.mb.ca/wd/ites/is/cjg.html
Canada Summer Jobs
Do you plan to hire students to help out at your small business next summer? This wage subsidy could help you pay up to 50% of the salary to an eligible full-time student.
Contact: Service Canada
First Nations and Inuit Student Summer Work Experience Program
This program helps youth acquire skills by providing wage subsidies for their summer work experience. In addition, these summer work placements allow youth to learn about career options and to earn income that may contribute to university or college education.
Contact: Aboriginal Affairs and Northern Development Canada (AANDC)
Learn More:: www.aadnc-aandc.gc.ca
Student Work-Integrated Learning Program
Student Work-Integrated Learning Program (SWILP), uses an employer consortia in order to create and deliver work-learning opportunities for students in high demand industries such as science and technology, engineering, mathematics, and business.
The Student Work-Integrated Learning program helps post-secondary students in science, technology, engineering, math (STEM) and business programs get work experience they need to prepare for jobs in these high-demand fields
Employers, including small and medium-sized enterprises, are encouraged to partner with local PSE institutions that are delivering programs in the fields of STEM and business to provide work placements for these students. Employers can receive wage subsidies of up to 50 percent of the wage cost for the placement (up to a maximum of $5,000 per placement) and up to 70 percent (up to a maximum of $7,000 per placement) for under-represented students including first-year students, women in STEM, Indigenous students, persons with disabilities and newcomers. Employer groups referenced above will provide wage subsidies.
NSERC Experience Awards
NSERC’s Experience Awards (previously Industrial Undergraduate Student Research Awards [IUSRA]) offer organizations access to talented natural sciences and engineering undergraduate students for a work term. This cost-shared program allows students to address organization-specific R&D challenges while gaining valuable industrial experience. Experience Awards also let organizations identify potential future full-time employees.
Maximum funding available is $4,500/student for four months to support the hiring of an undergraduate researcher.
NSERC will support up to 15 students per eligible company, per fiscal year (April 1 to March 31).
Applications are to be submitted a minimum of four weeks prior to the student’s scheduled start date.
Science Horizons Youth Internship Program
Science Horizons supports green jobs for youth by providing wage subsidies to eligible employers to hire interns in environmental and clean technology sectors. Interns must be recent college or university graduates eligible to work in science, technology, engineering or math (STEM).
Environmental Internship and Wage Subsidies Program
This program matches graduates with Canadian employers in the environment sector. Eligible employers can receive up to $12,000 in grants for hiring recent graduates.
Contact: Environment Careers Organizations (ECO) Canada
Young Canada Works in Heritage Organizations
This summer job program lasts between six and 16 weeks, and offers students job opportunities with organizations in Canada that have a heritage mandate. Students might organize cultural or recreational projects in a heritage organization, for example, or learn new skills in preserving and promoting our cultural heritage.
Read more about who can apply to Young Canada Works in Heritage Organizations.
Young Canada Works in Both Official Languages
Canadian Heritage‘s Young Canada Works in Both Official Languages is a summer job program. Eligible employers may benefit from wage subsidies and access to a pool of talented youth with innovative ideas and competitive skills.
Positions last from six to 16 weeks and students must work 30 to 40 hours per week. Students with a disability are eligible for part-time work.
Learn more: Young Canada Works in Both Official Languages