Co-op Students Hiring Incentive
Winnipeg, 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|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 can claim 15% of wages and salaries, up to a maximum of $5,000 per student.
grant_single_labels|projects
Employers in Manitoba can access tax credits by hiring students and graduates from registered co-operative education programs. These incentives aim to provide valuable work experience and connect graduates to full-time employment related to their field of study.
- Hiring a student as part of a registered co-operative education program for a work placement.
- Hiring a graduate of a registered co-operative education program for full-time employment related to their field of study.
grant_single|admissibleProjectsExample
$5,000
Montreal
Developing an e-commerce website for local artisanal products
$5,000
Vancouver
Creating a mobile app for waste management
$5,000
Ottawa
Establishing a mental health support center
$5,000
Edmonton
Expanding a renewable energy research lab
$4,500
Calgary
Launching a community garden program
$5,000
Toronto
Implementing a youth coding bootcamp
grant_single_labels|admissibility
The eligibility criteria for the Paid Work Experience Tax Credits (specifically for the COS-HI and COG-HI) in Manitoba are as follows:
- Eligible employers include taxable corporations or exempt corporate entities.
- Crown corporations and other provincial government entities are not eligible for this credit since the 2017 tax year.
- Unincorporated employers may claim the refundable credit on the individual income tax return.
grant_eligibility_criteria|who_can_apply
The Paid Work Experience Tax Credits are available to a wide range of employers in Manitoba willing to create work opportunities for students. Eligible employers include both taxable and exempt corporate entities, with certain exceptions.
- Eligible for taxable corporations
- Exempt corporate entities can apply
- Unincorporated employers may claim the credit on individual income tax returns
- Crown corporations and provincial government entities are not eligible
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_eligibility_criteria|eligible_expenses
The eligible expenses for the Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive grant are wages and salaries for students and graduates from registered co-operative education programs.
- 15% of wages and salaries
- Up to a maximum of $5,000 per student
grant_eligibility_criteria|zone
Companies eligible for this grant must be located in Manitoba, Canada, as it is funded by the Manitoba government's Advanced Education and Training department. Only businesses operating within this province can take advantage of the Co-op Students Hiring Incentive and the Co-op Graduates Hiring Incentive.
- Manitoba, Canada
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: Verify Eligibility
- Check if your organization is a taxable corporation or exempt corporate entity, as Crown corporations and other provincial government entities are not eligible.
- Ensure you have registered co-operative education programs approved by the Manitoba Co-operative Education Program Registry.
Step 2: Gather Required Information
- Collect details about the participating students or graduates, including their involvement in cooperative education programs.
- Calculate wages and salaries pertaining to co-op placements to estimate the potential tax credit.
Step 3: Complete Application Form
- Fill out the Co-op Program Approval Application Form available on the Manitoba website.
- Attach any required supporting documents as specified in the form instructions.
Step 4: Submit Application
- Submit the completed application form and any attachments to the Post-Secondary Institutions Branch via mail or fax.
- Ensure application submission to the correct address as specified: 400 – 800 Portage Avenue, Winnipeg MB R3G 0N4 or Fax: 204-945-1841.
Step 5: Follow Up
- Contact the Manitoba Tax Assistance Office for guidance on how to claim the Paid Work Experience Tax Credit on your income tax return.
- Ensure documentation is in place to support the claim during the tax submission process.
grant_single_labels|contact
PSI@gov.mb.ca
204-945-1833
Apply to this program
Understanding the Manitoba Paid Work Experience Tax Credits
The Manitoba Paid Work Experience Tax Credits program offers incentives to employers for hiring students and graduates from co-operative education programs. Both the Co-op Students Hiring Incentive (COS-HI) and the Co-op Graduates Hiring Incentive (COG-HI) allow eligible employers to claim a portion of wages, promoting employment opportunities in the region.
Diving Deep into the Manitoba Paid Work Experience Tax Credits
The Manitoba Paid Work Experience Tax Credits are pivotal in bridging the gap between educational triumphs and employment success in Manitoba. They strive to enhance employment prospects for students and co-operative program graduates while simultaneously furnishing employers with a financial stimulus. The initiative unites students, educational institutions, and employers, perpetuating mutual growth and regional economic development.
Incepted to cater to both students and recent graduates from co-op programs, the Paid Work Experience Tax Credits are segmented into two primary incentives – the Co-op Students Hiring Incentive (COS-HI) and the Co-op Graduates Hiring Incentive (COG-HI). Each serves a distinctive purpose yet underlines the ultimate goal of easing transitions from academia to professional life, particularly in fields corresponding to students’ areas of study.
The Co-op Students Hiring Incentive (COS-HI) emphasizes maximizing work experience during the educational pursuit. Students enrolled in registered co-operative education programs gain a competitive edge through real-world exposure which supplements classroom learning. Through this incentive, employers in Manitoba who offer placements can claim 15% of the wages paid to students as part of such programs, ensuring up to a maximum credit of $5,000 per student. This initiative allows students to build valuable networks, skillsets, and a genuine understanding of their chosen industries, driving their potential employability.
Meanwhile, the Co-op Graduates Hiring Incentive (COG-HI) seamlessly takes over to support graduates on their inaugural professional journeys. Targeting those who have freshly emerged from co-operative education programs, this incentive empowers employers to integrate graduates into full-time roles harmonious with their academic study. Similar to the COS-HI, employers can claim 15% of salaries paid, with a lifetime maximum of $5,000 per student, shifting some financial onus from employers and assisting in the initial stages of the professional ladder for graduates poised to make impactful contributions to their fields.
These incentives are highly accessible: both incorporated businesses and unincorporated employers can avail themselves of these credits, broadening participation across various sectors. It's important to note that Crown corporations and other provincial government entities, however, are excluded from eligibility. This strategic limitation helps balance the ecosystem, ensuring the intended support reaches businesses that may benefit significantly from financial assistance in hiring practices.
The Manitoba government has also instituted support mechanisms to guide participants through these tax credits, reflecting the program’s commitment to fostering skill development, employment growth, and regional economic stability. Post-secondary institutions looking to register their co-operative education programs and ensure alignment with the eligible criteria can reach out to the designated administrative offices. Similarly, employers needing assistance with tax filing can directly contact the Manitoba Tax Assistance Office, ensuring clarity and compliance throughout the application process.
With the evolution of industries and job landscapes, the Manitoba Paid Work Experience Tax Credits symbolize an adaptable approach to addressing current educational and employment needs. They not only alleviate immediate monetary constraints for employers but also foster long-term success for participating students and graduates. By weaving together academic rigor and practical experience, the initiative plays a vital role in nurturing a skilled, knowledgeable workforce that meets Manitoba’s present and future economic demands.
As Manitoba continues to prioritize youth employment and educational excellence, the Paid Work Experience Tax Credits remain a cornerstone policy reflecting this commitment. They ensure students and graduates not only find their footing in industries that interest them but also contribute effectively to the province’s economic tapestry, thereby reinforcing Manitoba’s position as a hub for education and innovative employment opportunities.