Partner with us |

Fund and grow your team

Hiring a co-op student can pay off in more ways than one

Offset the cost of hiring by up to 70%

Hiring a co-op student is a financially smart solution. Wage-subsidy funding can offset the cost of hiring by up to 70%* for some Canadian organizations. There are a number of grants, tax credits and funding programs that can subsidize, and help cover, the cost of hiring co-op students.

As part of providing the highest level of service to our employer partners, we will help you navigate funding opportunities offered to a broad variety of sectors.

overhead view of four people working at a table with laptops and paper

Discover the many funding options available

The Co-operative Education Tax Credit is a refundable tax credit based on salaries paid to co-op students from qualifying co-operative education programs at Ontario universities or colleges. Ontario businesses can claim 25% of eligible expenditures (30% for small businesses) for up to a maximum credit of $3,000 per student, per four-month term.

All of the following co-op and internship programs are qualifying programs:

  • Arts & Science Co-op
  • Arts & Science Internship Program (ASIP)
  • Engineering PEY Co-op Program
Visit the website for more information

The Student Work Placement Program (SWPP) supports the hiring of post-secondary students by providing wage subsidies to employers that offer quality work integrated learning opportunities. Qualifying employers may be eligible to offset 50%-70% of student wages up to a maximum of $7,000 for each eligible student.

Visit the website for more information

Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees. This funding is designed to create summer jobs for young people aged 15 to 30 who are full-time students intending to return to their studies in the next school year.

Visit the website for more information

Through partnerships with Mitacs, the government is continuing to fund thousands of research internships for undergraduate and graduate students, and postdoctoral fellows. Mitacs Accelerate funding stream supports undergraduate students for up to 18 months of funding. Mitacs contributes 50% of the funds up to $7500.

Visit the website for more information

"*" indicates required fields

Address your staffing needs. Hire U of T Co-op students.

To contact an employer relations officer and get the process underway. Fill out and submit this form.

I am interested in connecting about: (select all that apply)*
This field is for validation purposes and should be left unchanged.