Co-op Students Hiring Incentive
MN, Canada
Subsidy to hire co-op students in Manitoba
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
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 can claim 15% of wages and salaries, up to a maximum of $5,000 per student.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$5,000
Toronto
Implementing a youth coding bootcamp in Toronto.
$5,000
Montreal
Developing an e-commerce website for local artisanal products in Montreal.
$4,500
Calgary
Launching a community garden program in Calgary.
$5,000
Edmonton
Expanding a renewable energy research lab in Edmonton.
$5,000
Vancouver
Creating a mobile app for waste management in Vancouver.
$5,000
Ottawa
Establishing a mental health support center in Ottawa.
grant_single_labels|admissibility
- Employers must be taxable corporations or exempt corporate entities.
- Crown corporations and provincial government entities are not eligible for the credit for the 2017 and subsequent tax years.
- Unincorporated employers may claim the credit on their individual income tax return.
grant_eligibility_criteria|who_can_apply
Employers eligible for the Paid Work Experience Tax Credits include taxable corporations or exempt corporate entities. Crown corporations and other provincial government entities are not eligible for this credit for the 2017 and subsequent tax years.
- Taxable corporations
- Exempt corporate entities
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the Paid Work Experience Tax Credits in Manitoba. Crown corporations and other provincial government entities are not eligible for this credit for the 2017 and subsequent tax years.
- Crown corporations
- Other provincial government entities
grant_single_labels|criteria
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.
grant_single_labels|register
- Step 1: Check if your organization is eligible for the Co-op Students Hiring Incentive or Co-op Graduates Hiring Incentive.
- Implications: Ensure that your organization meets the eligibility criteria set by Manitoba, including being a taxable corporation, exempt corporate entity, or unincorporated employer.
- Step 2: Hire a student or graduate from a registered co-operative education program.
- Implications: Employ individuals from approved co-operative education programs to qualify for the tax credits.
- Step 3: Keep track of the wages and salaries paid to the co-op student or graduate.
- Implications: Document the wages and salaries to calculate the 15% credit up to the specified maximum amount.
- Step 4: Submit the necessary forms and documentation for the Paid Work Experience Tax Credits.
- Implications: Complete and submit the Co-op Program Approval Application Form and any required information to claim the credits.
grant_single_labels|contact
psi@gov.mb.ca
204-945-1833
Apply to this program
Paid Work Experience Tax Credits
Paid Work Experience Tax Credits in Manitoba
The Paid Work Experience Tax Credits in Manitoba are designed to assist employers in creating work experience opportunities for students in co-operative education programs. These tax credits include the Co-op Students Hiring Incentive (COS-HI) and the Co-op Graduates Hiring Incentive (COG-HI) which provide financial support to employers hiring students and graduates from registered co-op programs.
Employers who hire students from approved co-op education programs can claim 15% of wages and salaries, up to a maximum of $5,000 per student through the COS-HI program. The COG-HI extends this credit to graduates of these programs with a lifetime maximum of $5,000 per student. Both incentives are fully refundable and aim to connect students and graduates to valuable work experience in their field of study.
For further information on how to claim the Paid Work Experience Tax Credits and details on eligible programs, employers can contact Manitoba Finance. These tax credits play a vital role in promoting experiential learning and supporting the growth of students and graduates in the Manitoba workforce.
