Access to our campuses is limited due to COVID-19, but we're still here to support you.

Funding Supports

Sheridan students bring new energy, ideas and skills to the workplace and may be eligible for government incentives to cover a portion of wages. 

For more information on wage incentives and cooperative education at Sheridan, please reach out to the appropriate co-op representative for assistance.

Sections

Cooperative Education Tax Credit - an Ontario tax credit that is available to employers of students from many co-op and internship programs.

Student Work Placement Program (SWPP) - The Student Work Placement Program (SWPP) is a wage subsidy program that provides post-secondary students paid work experience. 


Cooperative Education Tax Credit

The Cooperative Education Tax Credit (CETC) is an Ontario tax credit that is available to employers of students from many co-op and internship programs*. The credit can total as much as $3,000 per student per paid work term.

For more information about the tax credit and eligibility, please visit the following websites:

Government of Canada

Ontario Ministry of Finance Link 1 / Ontario Ministry of Finance Link 2

Sheridan Co-op Programs eligible for CETC

  • For each qualifying work placement ending in the taxation year, an eligible employer may claim a refundable tax credit for eligible expenditures incurred after March 26, 2009, equal to the lesser of:

    • 25 per cent (30 per cent for small businesses for qualifying work placements) of the eligible expenditures made in respect of that work placement and
    • $3,000

    For eligible expenditures incurred before March 27, 2009, an eligible employer may claim a refundable tax credit equal to the lesser of:

    • 10 per cent (15 per cent for small businesses) of the eligible expenditures made in respect of the work placement and
    • $1,000

    The maximum amount is prorated for qualifying work placements straddling March 26, 2009. The proration is calculated using the following formula:

    • ($1,000 × X/Y) + [$3,000 × (Y - X)/Y] in which, "X" is the number of consecutive weeks of the qualifying work placement completed by the student before March 27, 2009, and "Y" is the total number of consecutive weeks of the student's qualifying work placement.

    The eligible employer's total tax credit for the taxation year is equal to the sum of the tax credits for each qualifying work placement.

  • A small business is defined as a corporation, partnership or an individual with one or more unincorporated businesses whose total payroll in the previous year was $400,000 or less. For eligible expenditures incurred after March 26, 2009, small businesses are entitled to the CETC at 30 per cent. Taxpayers with payrolls of $600,000 or more are entitled to the CETC at 25 per cent.

    For eligible expenditures incurred before March 27, 2009, a small business whose total payroll in the previous taxation year was $400,000 or less is entitled to the CETC at 15 per cent. Taxpayers with payrolls of $600,000 or more are entitled to the CETC at 10 per cent.

  • Eligible corporations can claim the tax credit on schedule T2SCH550 of their T2 Corporation Income Tax Return. Eligible employers operating unincorporated businesses can claim the tax credit on Form ON479, "Ontario Credits", included in their personal income tax return. Members of a partnership can claim their share of the CETC on their own corporate or personal tax returns.

    Employers may claim a previous year's tax credit or change the amount previously claimed by requesting an amendment to their tax return. Incorporated businesses must send the reassessment requests to the tax centre that serves the corporation. The request must include the name of the corporation, the Business Number, the tax year, and any additional details. Relevant supporting information, such as revised financial statements and schedules must also be attached. A Canadian-controlled private corporation must make its request within three years of the initial assessment. Other corporations must make their request within four years of the initial assessment. Operators of unincorporated businesses requesting an amendment to a previous tax year should follow the instructions provided on the federal income tax and benefit package or call the nearest Canada Revenue Agency office for assistance.

    The tax credit is available to businesses for the taxation year when the work placement ends. The tax credit will reduce tax payable for that year and any excess will be refunded. The full amount of the credit is considered to be taxable government assistance.

  • 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.

  • To qualify, a work placement must involve a student who is enrolled at an eligible educational institution and performs employment duties for an eligible employer under a qualifying co-operative education program that is offered by their school. The work placement must meet the following conditions:

    • The placement has been developed or approved by the eligible educational institution,
    • The student must be engaged in productive work during the placement and not be just an observer,
    • The work placement is:
    • not less than eight months or more than sixteen months, for a qualifying internship program or
    • at least 10 weeks for all other qualifying co-operative education programs,
    • The student is paid for the work performed during the placement,
    • The employer supervises and evaluates the student's job performance during the placement and
    • The educational institution monitors the student's progress in the work placement.
  • Most work placements are for a minimum employment period of 10 weeks up to a maximum of four months. However, some educational programs
    (e.g., qualifying internships) call for employment periods to exceed four months. If this occurs any additional four-month periods for that student will be considered a separate placement. If the employment period does not divide equally into four months or if the period is less than four months but is more than 10 weeks, that period will be considered a separate placement. If the period is less than 10 weeks, then it will be considered part of the placement for the last completed four-month period.

    For example, assume one student works 11 months and another student nine months. The first student has three qualifying co-op work placements i.e., two with four months and one with three months. The second student will have two placements, i.e., one for four months and one for five months.

  • A qualifying co-operative education program is an educational program or course of study that formally integrates students’ academic studies with work placements and meets the requirements below. These requirements generally parallel those established by the Canadian Association for Co-operative Education for defining a cooperative education program.

    For an educational program other than an internship program:

    • each work component must be at least 10 consecutive weeks
    • the student is required to finish 50 per cent of the work components to complete the educational program
    • the total time spent in the work components is not more than 75 per cent of the total time spent in required academic study, and
    • the total time for mandatory work components must be at least 30 per cent of the total time spent in required academic study.

    If the educational program is an internship program:

    • there is an optional work component of at least eight consecutive months but not more than 16 consecutive months and
    • the total time spent in the work component is at least 30 per cent and not more than 75 per cent of the time spent in required academic study.
    • All optional work placements must be completed before the start of the final academic term and must be recorded in the student's transcripts.
    • The educational program provides credit towards a post-secondary degree, diploma or certificate by an eligible educational institution.
    • The appropriate governing body for the eligible educational institution, through its authorized delegate, has provided to the Minister of Finance, or to his or her delegate, a list of programs that meet the requirements listed above.

    An eligible educational institution must keep proper documentation to prove that its governing body or its authorized delegate has stated that the submitted list of programs to the ministry meet the above requirements.

  • The following are eligible education institutions for purposes of a qualifying co- operative education program:

    • A university or college of applied arts and technology in Ontario whose enrolment is counted for the purposes of calculating annual operating grants entitlements from the Government of Ontario
    • The Michener Institute of Applied Health Sciences
    • The Ontario College of Art and Design
    • Redeemer University College.
  • The following expenditures made by a business in respect of a qualifying work placement are eligible, provided the amount of the expenditure is reasonable:

    • Salaries and wages including taxable benefits (i.e., the amounts reported on the T-4 slip) paid or payable to the student for the placement. The student's salary must be attributable to an Ontario permanent establishment (place of business).
    • Fees paid or payable to an employment agency for the work placement for services of a student carried out primarily at an Ontario place of business.

    In addition, a repayment of government assistance received for that student will also be entitled to the CETC tax credit, but only to the extent that it affected a claim in a previous taxation year.

    Government assistance received by the business for the work placement will reduce the amount of the expenditure eligible for the credit. “Government assistance” means assistance in any form from any level of government including municipalities or other public authorities. Assistance can include a grant, subsidy, forgivable loan, deduction from tax or investment allowance, but does not include the following:

    • An Ontario research and development tax credit deduction under section 39 of the TA
    • A qualifying environmental trust tax credit under section 87 of the TA
    • A co-operative education tax credit under section 88 of the TA
    • An apprenticeship training tax credit under section 89 of the TA
    • An Ontario computer animation and special effects tax credit under section 90 of the TA
    • An Ontario film and television tax credit under section 91 of the TA
    • An Ontario production services tax credit under section 92 of the TA
    • An Ontario interactive digital media tax credit under section 93 of the TA
    • An Ontario sound recording tax credit under section 94 of the TA
    • An Ontario book publishing tax credit under section 95 of the TA
    • An Ontario innovation tax credit under section 96 of the TA
    • An Ontario business-research institute tax credit under section 97 of the TA
    • For corporations, a Canadian film or video production tax credit under section 125.4 of the Income Tax Act (Canada)
    • For corporations, a film or video production services tax credit under section 125.5 of the Income Tax Act (Canada)
    • An investment tax credit under section 127 of the Income Tax Act (Canada).

    While claiming the CETC does not reduce eligible expenditures, it must be reported as income.

  • Eligible employers must have a certified document from an eligible educational institution confirming that the employer has provided a placement to a student for a qualifying co-operative education program. To help reduce compliance costs, the document could be the contract or memorandum of agreement between the employer and the institution. The document must, however, contain the name of the student, the employer, the institution, the term of the work placement and the name/discipline of the co-op program.
  • The eligible educational institution will be responsible for certifying the placement document discussed above. The institution certifies that the student is enrolled in a qualifying co-operative education program, that the work performed with the employer is compatible with the objectives of that program and that the student has completed the minimum employment requirements e.g., 10 weeks. This can be done by a simple declaration in the document, i.e., The Institution of XXX certifies that this is a qualifying co-op work placement for purposes of the co-operative education tax credit in respect of Ontario students. A signature from the appropriate faculty member, e.g., Director Co-operative Education, will form part of the declaration.

For general tax enquiries regarding this tax credit, taxpayers may telephone Canada Revenue Agency at:

  • 1-800-959-5525 (English)
  • 1-800-959-7775 (French)
  • 1-800-665-0354 (TTY)

Or on the web visit:

Disclaimer

The information contained in this publication is provided only as a guideline and is not intended to replace the legislation.


Student Work Placement Program (SWPP)

Background

The Student Work Placement Program (SWPP) is a wage subsidy program that provides post-secondary students paid work experience. Employment and Social Development Canada (ESDC) works with Employer Delivery Partners to provide student work placements and wage subsidies of up to $5,000-$7,000.

See “Updated Temporary Flexibility Measures” below for increased funding and flexibility currently in effect.

General Eligibility Requirements

  • Employers can hire students in any program
  • Students must be Canadian citizens, permanent residents or a
    person to whom refugee protection has been conferred under the
    Immigration and Refugee Protection Act
  • Provincial and territorial governments are not eligible
  • Positions must be net new to qualify (positions over and above what
    employers hired last year at the same time)

For more information, reach out to the appropriate Co-op representative for assistance.

Updated Temporary Flexibility Measures  

In response to the current challenges of the COVID-19 pandemic, ESDC is introducing the following changes to SWPP effective immediately until March 31, 2022:

  • Post-secondary institutions may receive funding as employers. 
  • The net new requirement has been waived.
  • When possible, students can complete a work placement remotely.
  • Employers can apply to be pre-approved for funding before finalizing the hiring process.
  • Employers are now eligible to receive an increased wage subsidy of 75% of the cost of wages (up to $7,500) per placement, instead of the existing wage subsidies stated above.
  • All post-secondary student work placements are now eligible.
  • TECHNATION (Formerly ITAC)

    TECHNATION is an association that champions the development of a robust and sustainable digital economy in Canada.

    Who Can Apply?
    • Full-time students in any program; no age restriction and students do not need to be enrolled in co-op
    • Organizations in Canada looking for employees with skills in the field of information and communications technology
    • Job description must make the connection to the use and immersion of technology clear in the first three responsibilities and duties
    How To Apply?
    When to Apply

    Placements can be full or part-time and applications coincide with Winter (Jan), Spring/ Summer (May) or Fall (Sep) terms.

    Accepting Summer 2021 (May to Aug) applications.

    Contact Brett Hotas
    Senior Program Manager, Career Ready
    (705)-416-1245 bhotas@technationcanada.ca

    ICTC’s WIL Digital Program

    ICTC is a not-for-profit national centre of expertise for the digital economy.

    Who Can Apply?
    • Full-time students in any program; no age restriction and students do not need to be enrolled in co-op
    • Employers providing full or part-time placements in an Information Technology (IT) or IT-related position, business development, digital marketing or technical sales
    • Open to registered businesses in Canada in advanced manufacturing, artificial intelligence, cybersecurity, fintech, intelligent retail, big data, clean tech, connected transportation, entertaining and gaming, and e-health
    • Post-secondary institutions are eligible as employers
    How To Apply?

    Funding needs to be approved before the student starts their placement

    When to Apply

    Submissions are accepted on an ongoing basis.

    Contact General inquiries: WIL_Digital@ictc-ctic.ca

    ECO Canada Student Work Placement Program

    ECO Canada’s mission is to ensure an adequate supply of people with the skills and knowledge required to meet the environmental human resource needs of the public and private sectors.

    Who Can Apply?
    • Full and part-time students in any program; no age restriction and students do not need to be enrolled in co-op
    • Employers must provide a work term in a STEAM role to be eligible
    How To Apply?

    Funding needs to be approved before the student starts their placement.

    When to Apply

    Placements can be full or part-time and applications coincide with Winter (Jan), Spring/ Summer (May) or Fall (Sep) terms.

    Accepting Summer 2021 (May to Aug) applications.

    Contact

    Marie Lanquetin, Bilingual Program Coordinator

    (403)233-0748 ext. 1984

    info@eco.ca

    Biotalent Canada Student Work Placement Program

    BioTalent Canada™ is the HR partner of and a catalyst for growth in Canada’s bioeconomy.

    Who Can Apply?
    • Full-time or part-time students in any program that includes a WIL component (no age restriction)
    • The WIL position or employer needs to have a biotechnology focus
      - Placements must be a full-time position (37.5 hours/week), 5 days a week for a minimum of 16 weeks
    How To Apply?

    Applications are being accepted for all placements starting before March 2021.

    If requested, SMEs (fewer than 500 employees) and non-profit organizations will be able to receive up to 75% of the wage subsidies up-front.

    When to Apply

    Placements can be full or part-time and applications coincide with Winter (Jan), Spring/ Summer (May) or Fall (Sep) terms.

    Application period for Summer 2021 is yet to open.

    Contact

    Benita Uruhisho
    Outreach and Business Development Rep
    (613)-235-1402 ext. 234
    buruhisho@biotalent.ca

    Colleen Hayes
    Outreach and Business Development Rep
    (613)-235-1402 ext. 221
    chayes@biotalent.ca

    Hannah Walhad
    Outreach and Business Development Rep
    (613)-235-1402 ext. 215
    hwalhad@biotalent.ca

    ASPIRE

    Toronto Finance International (TFI) is a public-private partnership between Canada’s largest financial services institutions and the government. ASPIRE has been developed by TFI in partnership with employers, post-secondary institutions and the government. TFI is a partner of the program but does not administer wage subsidies.

    Who Can Apply?
    • Please note that ASPIRE does not offer any wage subsidies for employers; participating financial services employers pay 100% of the wages for student placements but the program is funded in part by SWPP
    • ASPIRE offers a variety of resources including best practice guidance, student attraction support, brand building opportunities, business skills training for current and future students and more
    • Eligible for full-time post-secondary students in any program; no age restriction and students do not need to be enrolled in co-op
    • Organizations in Canada working in the financial services sector, including banks, insurers, pension plans, investment managers, FinTechs, hedge funds and credit unions
    How To Apply?
    When to Apply

    Placements can be full or part-time and applications are ongoing.

    Contact

    Alessya Paoletti
    Program Manager,
    ASPIRE
    apaoletti@tfi.ca

    General inquiries:
    (416) 933-6780
    apsire@tfi.ca

    Employer inquiries:
    Sashya D’Souza
    Senior Vice President of
    Talent Initiatives
    sdsouza@tfi.ca

    Venture for Canada Internship

    Venture for Canada is a national charity which develops entrepreneurial leadership skills through training and supporting youth to work at innovative Canadian start-ups and small businesses.

    Who Can Apply?
    • Part and full-time post-secondary students in any program; no age restriction and students do not need to be enrolled in co-op
    • Employers can be a SME, start-up, social enterprise, non-profit or charity located in BC, AB, MB, SK, NB, NS, PEI or NL (Atlantic Canadian based organizations) with 1-500 employees
    How To Apply?
    When to Apply

    Placements can be full or part-time and applications coincide with Winter (Jan), Spring/Summer (May) or Fall (Sep) terms.

    Contact

    Aleksandra (Ola) Mackiewicz,
    National Marketing Coordinator
    (519) 933-7073
    ola@ventureforcanada.ca

    Gina Patterson
    Director, Internships
    gina@ventureforcanada.ca

    MiHR Gearing Up Program

    MiHR is an independent, non-profit organization that leads collaboration among mining and exploration companies, organized labour, contractors, educational institutions, industry associations and Indigenous groups.

    Who Can Apply?
    • Part and full-time post-secondary students in fields related to science, technology, engineering, mathematics and/or business that includes a WIL component; students must be between the ages of 18-30 (inclusive) at the start of the job or internship
    • Organizations in Canada (small and large companies/post-secondary institutions/ non-profit organizations) working in the mining or mineral exploration sectors
    How To Apply?

    Employers do not need to have a candidate before applying.

    When to Apply

    Applications are accepted on an ongoing basis.

    Contact

    Priya Pandit, Manager, Employment Initiatives
    (613) 270-9696
    ppandit@mihr.ca

    General inquiries:
    gearingup@mihr.ca

    CCAA SWPP for Students

    CCAA is dedicated to ensuring the Canadian aviation and aerospace industry has enough workers with the right skills to meet industry needs.

    Who Can Apply?
    • Full and part-time post-secondary students in a STEM or business program that includes a WIL component (no age restriction)
    • Placement can be in an aviation or aerospace organization or post- secondary institution
    How To Apply?
    When to Apply

    Applications are accepted on an ongoing basis.

    Contact

    Kethy S-K Sangaré, Project Coordinator
    (613) 727-8272, ext. 261
    ksossokolle@avaerocouncil.ca

    EHRC Empowering Futures

    EHRC works to strengthen the ability of the Canadian electricity industry to meet current and future needs for their workforce.

    Who Can Apply?
    • Full and part-time post-secondary students in a STEAM or business program that includes a WIL component (no age restriction)
    • Canadian owned firm or Canadian subsidiary whose primary activity is the
      generation, transmission and distribution of electrical power
    How To Apply?

    Employers can fast-track the hiring process and administration by applying with one job description and participant.

    Employers need to ensure placements occur before the agreement end date or request an extension along with a rationale for the request.

    When to Apply

    Placements can be full or part-time and applications are ongoing.

    Contact

    Sarah Jourson, Empowering Futures
    Project Coordinator
    (613) 235-5540 ext. 229
    jourson@electricityhr.ca

    Mark Chapeskie
    Director of Programs and Development
    chapeskie@electricityhr.ca

    Magnet Student Work Placement Program

    Magnet is a not-for-profit, digital social innovation platform co-created by Ryerson University in partnership with the Ontario Chamber of Commerce in 2014. This program aims to fill in gaps of other SWPP programs so more students can access WIL opportunities.

    Who Can Apply?
    • Full and part-time students in any program that includes a WIL component
    • All registered Canadian businesses, not-for-profits or post-secondary institutions are eligible as employers
    How To Apply?

    Employers will be able to apply for funding before they finalize their selection of students to hire.

    When to Apply

    Magnet will continue to accept applications for funding from employers.

    Contact

    Mario Cortes, Project Manager
    (416) 601-0987
    mario.cortes@ryerson.ca

    General inquiries:
    swpp@magnet.today

    OCC Talent Opportunities Program

    The OCC's mission is to convene, align, and advance the interests of its members through principled policy work, value-added business services, and broad engagement to build prosperity for all Ontarians.

    Who Can Apply?
    • Full and part-time students in any program that includes a WIL component
    • All registered Canadian businesses, not-for-profits or post-secondary institutions are eligible as employers
    How To Apply?

    Employers do not need to have a candidate before applying.

    When to Apply

    Applications are accepted an ongoing basis.

    Contact

    General inquiries:
    top@occ.ca

    EMC's WILWorks

    EMC is a preferred partner for the Government of Canada to deliver the Student Work Placement Program (SWPP) to Canada’s manufacturing, related sub-sectors and supply chain employers.

    Who Can Apply?
    • Full and part-time students in any program that includes a WIL component
    • Canadian manufacturing employers hiring students in direct and indirect roles (i.e. Manufacturing, IT, HR, etc.)
    How To Apply?

    WILWorks will support 938 student placements over the next two years. Employers do not need to have a candidate before applying.

    When to Apply

    Applications are accepted an ongoing basis.

    Contact

    Wendy Gray, Senior Project Coordinator
    (866) 323-4362
    wgray@emccanada.org

    Susan McLachlan, Project Coordinator
    (226) 220-6432
    smclachlan@emccanada.org

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