Co-op Students Hiring Incentive

The Co-op Students Hiring Incentive provides financial support to employers who offer co-operative education work placements to students. This initiative is aimed at enhancing student employability by compensating employers for a portion of their wage expenses.

• Refundable tax credit covering 15% of wages and salaries paid to co-op students.
• Maximum credit available is $5,000 per student.

Eligibility for the Paid Work Experience Tax Credits requires companies to meet specific criteria related to their corporate status and hiring practices.

• The company must be a taxable corporation or an exempt corporate entity.
• Crown corporations and other provincial government entities are not eligible for the tax credit for the 2017 and subsequent tax years.
• Unincorporated employers can claim the refundable credit on their individual income tax return.
• The company must employ students or graduates from registered co-operative education programs in Manitoba.

Who is eligible?

Who is not eligible

The grant program for Paid Work Experience Tax Credits defines certain exclusions in terms of which types of organizations can claim the credit. This is primarily related to their organizational status.

• Crown corporations and other provincial government entities are not eligible for this credit.

Eligible expenses

The eligible activities for this grant focus on providing work experience and employment opportunities for students and graduates through co-operative education programs. These incentives are designed to help students gain practical experience and connect graduates to relevant employment sectors.

• Hiring students for co-operative education work placements in registered programs.
• Employing graduates from co-operative education programs in full-time positions related to their field of study.

Eligible geographic areas

This grant is provided by the Manitoba government and is likely aimed at companies operating within the province of Manitoba. It helps employers create work experience opportunities for students in Manitoba's registered co-operative education programs.

• Businesses and eligible entities based in the province of Manitoba.

The evaluation and selection criteria for the Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive in Manitoba are primarily based on the following factors:

• Employers must hire students or graduates from registered co-operative education programs.
• The incentives are applicable for tax years ending after 2015.
• Employers can claim 15% of wages and salaries, up to a maximum of $5,000 per student.
• Approved co-operative education programs must be utilized for eligibility.
• Crown corporations and provincial government entities are not eligible.

Here are additional relevant details for the Paid Work Experience Tax Credits program:

• Both COS-HI and COG-HI tax credits are fully refundable, allowing for a direct financial benefit without affecting net income if other tax liabilities are low.
• The Co-op Students Hiring Incentive allows a claim on 15% of wages and salaries paid to co-op students.
• The Co-op Graduates Hiring Incentive also permits a claim on 15% of wages and salaries but is applicable after the student's graduation.
• For both incentives, there is a maximum limit of $5,000 of credit per student or graduate.
• Unincorporated employers can claim the credit on their individual income tax return.
• It is necessary to consult the Manitoba Co-operative Education Program Registry to identify approved programs for eligibility.