Co-operative Education Tax Credit
Tax creditOntarioUp to $3,000
Ontario businesses that hire students enrolled in co-operative education programs at Ontario colleges or universities can claim a 25-30% refundable tax credit. The maximum credit per work placement is $3,000, designed to encourage experiential learning opportunities and hands-on job experience for post-secondary students.
What you'll need
- Student enrollment confirmation from eligible educational institution
- Work placement documentation approved by the institution
- T4 slip or salary records for the student
- Proof of work placement duration and dates
- Employment agency fees documentation if applicable