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
The grant program is specific to companies and organizations within the region of Manitoba, Canada. It targets employers in this province to enhance local employment opportunities through co-operative education programs.
- Corporations or exempt corporate entities within Manitoba.
- Employers located in the province of Manitoba, Canada.
grant_single|admissibleProjectsExample
$5,000
Creating a mobile app for waste management
$5,000
Developing an e-commerce website for local artisanal products
$5,000
Establishing a mental health support center
$5,000
Implementing a youth coding bootcamp
$5,000
Expanding a renewable energy research lab
$4,500
Launching a community garden program
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
Eligible employers include taxable corporations or exempt corporate entities. Unincorporated employers may also claim the refundable credit on their individual income tax return. For the 2017 and subsequent tax years, Crown corporations and other provincial government entities are not eligible for this credit.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
Eligible expenses for this tax credit include certain wage and salary costs associated with hiring students or graduates from registered co-operative education programs.
- Wages and salaries paid to students hired as part of a registered co-operative education program, up to 15% of the amount paid.
- Wages and salaries paid to graduates hired as part of a registered co-operative education program, up to 15% of the amount paid, with a lifetime maximum of $5,000 per student.
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
Here are the steps to submit an application for the Co-op Students Hiring Incentive and Co-op Graduates Hiring Incentive:
- Step 1: Review Eligibility Requirements
- Ensure your organization is a taxable corporation or an exempt corporate entity, as Crown corporations and other provincial government entities are not eligible.
- Verify that the student or graduate is part of a registered co-operative education program in Manitoba.
- Step 2: Register or Consult the Manitoba Co-operative Education Program Registry
- Access the Manitoba Co-operative Education Program Registry to find approved programs.
- Ensure your program is listed if applicable.
- Step 3: Complete the Co-op Program Approval Application Form
- Download and fill out the Co-op Program Approval Application Form.
- Include information about your organization and the co-operative education program.
- Step 4: Submit Application Form
- Send the completed form to the appropriate address or email provided by the Manitoba Co-operative Education Programs for approval.
- Confirm submission with the appropriate governmental department.
- Step 5: Contact for Further Assistance
- If further information is needed, contact the Post-Secondary Institutions Branch at the Advanced Education Division.
- Reach out to Manitoba Finance, Manitoba Tax Assistance Office for queries about claiming the tax credit.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
PSI@gov.mb.ca
204-945-1833
Apply to this program
Unlock Work Experience Opportunities with Manitoba’s Paid Work Experience Tax Credits
Manitoba’s Paid Work Experience Tax Credits offer valuable opportunities for employers and students, encouraging the development of essential skills through co-operative education programs. This initiative significantly supports both employment creation and experiential learning by providing financial incentives to employers who invest in hiring students and recent graduates.
Exploring the Benefits and Structure of the Paid Work Experience Tax Credits
The Manitoba Paid Work Experience Tax Credits program is meticulously designed to foster symbiotic partnerships between educational institutions, students, and employers. This initiative is vital in bridging the gap between academic learning and practical workplace experience, ensuring that students and graduates acquire the skills and exposure necessary to succeed in today’s competitive job market.
For businesses, the primary benefit of participating in this program lies in the opportunity to recruit fresh, enthusiastic talent who bring innovative ideas and up-to-date academic knowledge to the workplace. By tapping into the youthful energy of students enrolled in registered co-operative education programs, employers can inject creativity and new perspectives into their projects. Moreover, through the Co-op Students Hiring Incentive (COS-HI), companies are rewarded with a 15% tax credit on wages paid to students, offering financial relief and enhancing the feasibility of hiring more students for co-op positions. Caps on claims ensure equitable access, with companies able to claim up to $5,000 per student, reflecting the province’s commitment to supporting employers who prioritize educational investments.
The Co-op Graduates Hiring Incentive (COG-HI) further extends this benefit by enabling employers to continue supporting those who have successfully graduated from co-operative programs. This aspect of the program ensures that graduates can seamlessly transition into careers aligned with their fields of study, enhancing not only their employability but also contributing to the immediate productivity gains for employers who nurture these graduates onwards. The COG-HI matches the tax benefits granted under COS-HI, thereby providing a steady ramp for students progressing from academia to meaningful career paths.
From an economic perspective, such inducements also serve to bolster Manitoba’s workforce development plans by upholding several strategic goals. Encouraging private sector engagement in educational partnerships aligns with broader governmental plans to cultivate a more skilled workforce equipped to meet future challenges. By framing these tax credits as fully refundable, the program assures participating entities that their commitment to skill-building and real-world training aligns with long-term financial benefits.
The program’s structure is exceptionally streamlined to allow for ease of access. Employers interested in availing of these credits can refer to the Manitoba Co-operative Education Program Registry to identify eligible student programs. This registry simplifies the initial phases of recruiting ideal candidates for their specific needs and streamlines institutional partnerships. Furthermore, clear guidance and support through channels like the Manitoba Tax Assistance Office ensures that employers can efficiently navigate the administrative processes involved in claiming their credits, thus maintaining focus on their core business operations and the cultivated talent within their workforce.
Moreover, by embedding these programs into the broader framework of post-secondary education, Manitoba underscores the importance of cultivating a robust educational ecosystem that propels economic growth. By encouraging institutions to register their programs and interact with each other through government platforms, there is a concerted effort to ensure that educational offerings are directly tied to regional economic needs and employment realities.
For students, the transition from the academic environment to the workplace is supported through these structured programs which not only offer an opportunity to apply theoretical concepts practically but also build comprehensive work-ready skills that are in demand. This approach is fundamental in equipping students with the confidence and capabilities required for career success post-graduation, making co-operative education an invaluable step in their professional formation.
In conclusion, Manitoba’s Paid Work Experience Tax Credits represent an empowering platform that aligns educational objectives with economic growth, delivering rewards to both students and employers. It is an exemplary model of how targeted incentives can cultivate a skilled workforce, ensuring that the economic landscape is populated with inventive employees ready to tackle emerging industry challenges with vigor. Through these strategic initiatives, Manitoba sets a benchmark in supporting job creation while maintaining a focus on the educational development of the workforce.
