Financial Incentives and Benefits
Apprentice & Journeyperson Incentives
A complete list of incentives for Apprentices and Journeypersons can be found on the School of Trades & Apprenticeship website.
Co-operative Education Tax Credit (CETC)
If you are an employer in Ontario and would like to provide valuable work experience you may qualify for a significant tax break – from 25 to 30 per cent of eligible expenses up to a maximum of $3,000 for each four-month work term a student completes.
- Conestoga’s co-operative education programs qualify for the Government of Ontario’s Co-operative Education Tax Credit.
- The CETC is a refundable tax credit for employers equal to 25 per cent (30 per cent for businesses with payrolls less than $400,000) of the salaries and wages paid to eligible post-secondary students in a qualifying co-op work term of at least 10 consecutive weeks. A maximum tax credit of $3,000 is available per student per four-month qualifying work term.
- Letters confirming eligible co-op student employment are available online at the end of each co-op term (September, May or January) through the employer’s MyCareer account.
For additional details about the CETC, please see the Co-operative Education Tax Credit (pdf).
Employment Ontario Employment Services Placements
Training incentives may be available for eligible employers committed to providing work-related training and development that prepares individuals to perform the full responsibilities of the job. Training incentives are designed to offset some of the employers' cost of training and encourage employers to retain the participant after the placement ends.
For more information, contact the Conestoga Career Centre.
Additional Government Programs
For provincial incentive programs in Ontario, see the Government of Ontario website.
Learn about the funding opportunities (grants and contributions) offered by Employment and Social Development Canada (ESDC), the Labour Program and Service Canada by browsing the Government of Canada ESDC website.
For a full list of Federal Government Employment Resources for employers hiring young workers visit the Government of Canada Services for Youth website.
Benefits of Employing Co-op Students
- Acquire cost-effective, temporary employees for peak periods of activity, seasonal variations in workload or short-term projects.
- Explore new employment positions without extensive investment or long-range commitment.
- Raise your organization’s profile with students and graduates as an employer of choice.
- Add bright, motivated, fresh talent to your organization.
- Evaluate candidates before consideration for permanent employment; the work/study approach to education assists employers in recruiting mature, experienced graduates.
- Familiarize prospective full-time employees with your organization, decreasing orientation and training when hiring graduates.
- Receive up to $3,000 per student per work term by qualifying for the Ontario Co-operative Education Tax Credit (CETC).
- Contribute to the enhanced education and training of Ontario’s future skilled workers.