Numerous wage subsidies, grants and tax credits are available to help organizations hire students and graduates. These provincial and federal funding opportunities can help you offset the costs associated with hiring a Centennial College student or graduate.
New subsidies are now available through the Colleges and Institutes Canada (CICan) Career-Launcher Internships program. This funding connects employers with skilled students and grads by providing up to $32,000 towards an intern’s salary and training expenses. View application details, terms and conditions on Career-Launcher Internships.
In order to help Ontario’s university and college students gain work experience and enhance their future employment opportunities, the Ontario government provides a refundable Co-operative Education Tax Credit for businesses hiring students enrolled in a recognized post-secondary co-operative education program.
As part of the Government of Canada's Student Work Placement Program (SWPP), a variety of funding opportunities are available for employers to hire students for the purposes of experiential learning. You may be eligible to receive up to $7,500 in wage subsidies!
The Government of Canada's Student Work Placement Program has been extended to March 2024.
Guidelines on the new “net new” calculations
To determine Net New value for a particular fiscal year, you will need the following information:
A. The number of paid student placements the employer had in a fiscal year (April 1 to March 31) prior to first participating in the SWP Program.
- For employers that accessed SWP funding for the first time in 2017, 2018 or 2019, use the original baseline year (a fiscal year is from April 1 to March 31) prior to first participating in the SWP Program;
- For employers that accessed SWP funding for the first time in 2020, use 2019;
- For employers that accessed SWP funding for the first time in 2021, use the lesser of 2019 or 2020 number of paid student placements.
B. The estimated number of students the employer intends to hire within the current fiscal year of April 1 to March 31 (including the ones already hired).
The number of placements to be funded in a particular fiscal year will then be the net increase of placements above the baseline year.
This funding is being administered by Employment and Social Development Canada (ESDC) through 18 delivery partners. Co-operative Education and Work-Integrated Learning Canada (CEWIL Canada) provides links for more information on each of the organizations listed below:
- Technation
- Information and Communications Technology Council
- Canadian Council for Aviation and Aerospace
- ECO Canada
- Biotalent Canada
- Electricity Human Resources Canada
- Mining Industry Human Resources Council
- Venture for Canada
- Magnet
- Excellence in Manufacturing Consortium
- Ontario Chamber of Commerce
- Canadian Agricultural Human Resource Council
- Canadian Tourism Human Resource Council
- Cultural Human Resources Council
- Fédération des chambres de commerce du Québec
- Food Processing Skills Canada
- Trucking Human Resources Canada
- Canadian Media Producers Association