Co-op Graduates Hiring Incentive
MN, Canada
Subsidy to hire co-op graduates in Manitoba
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 1, 2003
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Manitoba
grant_single|status
grant_card_status|open
grant_single_labels|preview
Employers who hire a graduate from a registered co-operative education program into full-time employment can claim 15% of wages and salaries, up to a maximum of $2,500 per year, per graduate for the first two consecutive years of full-time employment.
grant_single_labels|terms_and_conditions
The Co-op Graduates Hiring Incentive provides financial support to employers who hire graduates from registered co-operative education programs in Manitoba. This incentive aims to facilitate the transition of graduates into full-time employment in their field of study.
- Employers can claim 15% of wages and salaries paid to eligible graduates.
- The maximum claimable amount is up to $5,000 per graduate.
- The claimed amount is fully refundable for eligible employers.
- The program is available for taxable corporations or exempt corporate entities, but not for Crown corporations and other provincial government entities.
- Unincorporated employers can claim the incentive on their individual income tax return.
grant_single_labels|projects
This incentive is designed to assist employers in Manitoba with hiring graduates from registered co-operative education programs. The goal is to help graduates secure full-time employment in fields related to their studies.
- Hiring graduates from registered co-operative education programs for full-time positions.
- Establishing roles that are directly related to the graduate's field of study.
grant_single|admissibleProjectsExample
$ 5,000
Hire a graduate to implement a new HR management system in our cooperative
$ 4,500
Hire a graduate to lead marketing initiatives for our social enterprise
$ 4,200
Hire a graduate to launch new community outreach programs
$ 5,000
Hire graduates to enhance our software development team and tackle new projects
$ 5,000
Hire a graduate to optimize the production process and reduce waste
$ 5,000
Hire graduates to assist in research for a new sustainable packaging solution
grant_single_labels|admissibility
The eligibility criteria for the Paid Work Experience Tax Credits for the Co-op Students Hiring Incentive and the Co-op Graduates Hiring Incentive are as follows:
- The applicant must be an employer intending to hire students or graduates from registered co-operative education programs.
- The applicant can be a taxable corporation or an exempt corporate entity. Unincorporated employers may also be eligible.
- Crown corporations and other provincial government entities are not eligible for this credit for tax years after 2017.
- Employers can claim up to 15% of wages and salaries, with a maximum of $5,000 per student for both incentives.
grant_eligibility_criteria|who_can_apply
Eligible employers for the Paid Work Experience Tax Credits, including the Co-op Students Hiring Incentive (COS-HI) and the Co-op Graduates Hiring Incentive (COG-HI), are taxable corporations or exempt corporate entities hiring students or graduates from registered co-operative education programs in Manitoba. Unincorporated employers may also claim the refundable credit on their individual income tax returns. However, for tax years starting in 2017, Crown corporations and other provincial government entities are not eligible.
grant_eligibility_criteria|who_cannot_apply
This grant cannot be accessed by certain types of corporations and government entities due to their exempt status. These restrictions ensure that the benefits are allocated to qualifying private sector employers.
- Crown corporations and other provincial government entities are not eligible for this credit.
grant_eligibility_criteria|eligible_expenses
The Paid Work Experience Tax Credits in Manitoba aim to create work experience opportunities for students and graduates through co-operative education programs. These initiatives support the hiring of co-op students and graduates by providing financial incentives to employers.
- Hiring co-op students through a registered co-operative education program, allowing employers to claim tax credits on a percentage of wages and salaries.
- Employing graduates from registered co-operative education programs in full-time positions related to their field of study, with similar tax credit eligibility as hiring students.
grant_eligibility_criteria|zone
This incentive applies specifically to employers in Manitoba, as per the programming offered by the Manitoba government. Eligible employers need to be operating within this province to benefit from the initiative.
- Employers operating within the province of Manitoba.
grant_single_labels|criteria
The evaluation and selection criteria for the Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive in Manitoba include:
- Employers must hire students or graduates from registered co-operative education programs
- Employers can claim 15% of wages and salaries, up to a maximum of $5,000 per student
- Eligible employers include taxable corporations or exempt corporate entities
- Crown corporations and other provincial government entities are not eligible for this credit
grant_single_labels|register
Here are the steps to apply for the Co-op Hiring Incentives in Manitoba:
- Step 1: Determine Eligibility
- Ensure your business is a taxable corporation or an exempt corporate entity (note that Crown corporations and other provincial government entities are not eligible).
- Verify participation in an approved co-operative education program listed in the Manitoba Co-operative Education Program Registry.
- Step 2: Hire Co-op Student/Graduate
- Hire a student or graduate from a registered co-operative education program in Manitoba.
- Ensure the hiring aligns with the structured work experience requirements.
- Step 3: Prepare Documentation
- Gather all necessary payroll records and documentation to prove employment and wage payments.
- Complete the Co-op Program Approval Application Form.
- Step 4: File Tax Credit Claim
- Complete the necessary sections on your corporate income tax return to claim the credit.
- For unincorporated employers, use the individual income tax return to claim the refundable credit.
- Keep a copy of all records and forms submitted for your own files.
- Step 5: Contact for Assistance
- If you require further information or assistance with the application process, contact the Manitoba Tax Assistance Office.
- Utilize the contact details provided to ensure all forms are correctly filled and submitted.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Both COS-HI and COG-HI are fully refundable credits.
- Unincorporated employers can claim the refundable credit on the individual income tax return.
grant_single_labels|contact
tao@gov.mb.ca
204-945-1833
