Co-op Graduates Hiring Incentive
MN, Canada
Subsidy to hire co-op graduates in Manitoba
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 01, 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|projects
grant_single|admissibleProjectsExample
$5,000
Montreal
Hire a graduate to implement a new HR management system in our cooperative
$4,500
Vancouver
Hire a graduate to lead marketing initiatives for our social enterprise
$4,200
Toronto
Hire a graduate to launch new community outreach programs
$5,000
Toronto
Hire graduates to enhance our software development team and tackle new projects
$5,000
Edmonton
Hire a graduate to optimize the production process and reduce waste
$5,000
Waterloo
Hire graduates to assist in research for a new sustainable packaging solution
grant_single_labels|admissibility
The Paid Work Experience Tax Credits in Manitoba provide incentives for employers hiring students and graduates from registered co-operative education programs. Eligible employers include taxable corporations, exempt corporate entities, and unincorporated employers.
- Employers must hire students or graduates from registered co-operative education programs in Manitoba.
- The Co-op Students Hiring Incentive (COS-HI) allows employers to claim 15% of wages and salaries, up to a maximum of $5,000 per student.
- The Co-op Graduates Hiring Incentive (COG-HI) allows employers to claim 15% of wages and salaries, up to a lifetime maximum of $5,000 per student.
grant_eligibility_criteria|who_can_apply
Employers eligible for the Paid Work Experience Tax Credits include taxable corporations, exempt corporate entities, and unincorporated employers hiring students and graduates from registered co-operative education programs in Manitoba.
- Taxable corporations
- Exempt corporate entities
- Unincorporated employers
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for the Paid Work Experience Tax Credits grant:
- Crown corporations and other provincial government entities are not eligible for this credit for the 2017 and subsequent tax years.
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant:
- Wages and salaries paid to students or graduates from registered co-operative education programs
- Employer expenses related to creating work experience opportunities for students
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
- Step 1: Visit the Manitoba Co-operative Education Program Registry to find approved co-operative education programs.
- Step 2: If you are an employer, hire a student from a registered co-operative education program in Manitoba.
- Step 3: Submit the Co-op Program Approval Application Form if you are a post-secondary institution interested in registering your co-operative education program.
- Step 4: Contact Manitoba Finance for information on how to claim the Paid Work Experience Tax Credit on your income tax.
grant_single_labels|contact
tao@gov.mb.ca
204-945-1833
Apply to this program
Paid Work Experience Tax Credits
The Paid Work Experience Tax Credits are incentives in Manitoba that help employers create work experience opportunities for students and graduates from registered co-operative education programs. The Co-op Students Hiring Incentive supports students in co-op programs, while the Co-op Graduates Hiring Incentive extends the credit to graduates, offering a refundable tax credit of 15% of wages up to $5,000 per student.
Detailed Explanation of the Paid Work Experience Tax Credits:
Are you an employer in Manitoba looking to provide valuable work experience to students and recent graduates? The Paid Work Experience Tax Credits are designed to incentivize and support the hiring of individuals from registered co-operative education programs. The Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive offer a refundable tax credit, allowing eligible employers to claim 15% of wages and salaries paid to students, up to a maximum of $5,000 per student.
Introduced in 2003, the Co-op Students Hiring Incentive aims to promote work experience opportunities for students enrolled in college and university co-operative education programs. Employers who hire students as part of these registered programs can benefit from the tax credit, supporting both the students and the business. The credit is fully refundable, providing financial assistance to employers while fostering valuable learning experiences for students.
For employers interested in hiring graduates from co-operative education programs, the Co-op Graduates Hiring Incentive, launched in 2006, is a valuable opportunity. This extension of the tax credit allows businesses to claim 15% of wages and salaries paid to co-op graduates, up to a lifetime maximum of $5,000 per student. By connecting graduates to full-time employment related to their studies, this incentive contributes to the growth of Manitoba's workforce.
To benefit from these tax credits, eligible employers, including taxable corporations or exempt corporate entities, can claim the refundable credit on their income tax return. However, for the 2017 and subsequent tax years, Crown corporations and other provincial government entities are not eligible for this credit. Unincorporated employers can also avail of the credit on their individual income tax return.
Employers seeking to participate in these programs can refer to the Manitoba Co-operative Education Program Registry to find approved co-operative education programs. By engaging with these initiatives, businesses can provide valuable work experience to students and graduates while also benefiting from financial incentives. The Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive present a win-win situation for employers and program participants.
For more information on registering co-operative education programs or claiming the Paid Work Experience Tax Credit, employers can contact the Post-Secondary Institutions Branch of the Advanced Education Division or Manitoba Finance. These resources provide guidance on program approval, tax credit eligibility, and the application process, ensuring a smooth and beneficial experience for both employers and program participants.
Overall, the Paid Work Experience Tax Credits in Manitoba offer a valuable opportunity for employers to support the growth and development of students and graduates through meaningful work experiences. By participating in these programs, businesses can not only contribute to the professional development of individuals but also benefit from financial incentives that promote workforce development and economic growth in Manitoba.
