Co-operative education tax credit

The Co-operative Education Tax Credit is a refundable tax credit. It is available to employers who hire students enrolled in a co-operative education program at an Ontario university or college.

Grant Deadline

Deadline not available

Funding Amount

25% of

Type of Grant

Tax Credit, Hiring

Sectors

All Sectors

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

hire post-secondary students

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Who is an eligible employer for the purpose of this tax credit?

An eligible employer includes all corporations or unincorporated businesses with permanent establishments in Ontario subject to Ontario corporate income tax or Ontario personal income tax. Members of a partnership may share the CETC for each qualifying work placement. Limited partners are not entitled to this credit; however, the general partners of a limited partnership are entitled to share the credit.

When an eligible student is hired by two or more associated corporations for work placements, the associated/related employers will be considered to be one employer for the purposes of claiming this credit. The associated/related corporations will designate which corporation will have the qualifying work placement.

Grant Application website

https://www.ontario.ca/page/co-operative-education-tax-credit

Contact

1‑800‑959‑5525 (English)

1‑800‑959‑7775 (French)

1‑800‑665‑0354 for teletypewriter (TTY)