- Open Date : January 1, 2003
Overview
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.
At a glance
Funding available
- Reduce environmental footprint
- Maximum amount : 5,000 $
- Up to 15% of project cost
- Open Date : January 1, 2003
Eligible candidates
- All industries
- MN
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Youth (<40)
- Startups
Next steps
Activities funded
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.
Eligibility
Who is eligible?
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.Who is not eligible
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.
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.
Eligible geographic areas
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.
Additional information
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.
