Closed
Last Update: March 4, 2026
Funding available
$ 7,000
Timeline
- Open Date : August 1, 2024
- Closing date : August 31, 2024
Location
Canada
Overview
Get a wage subsidy to cover up to 70% of the costs of a work-integrated learning placement, to a maximum of $7,000 per placement, when you hire an eligible post-secondary student.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop workforce skills
Eligible Funding
- Maximum amount : 7,000 $
- Up to 70% of project cost
Timeline
- Open Date : August 1, 2024
- Closing date : August 31, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- Social economy enterprise
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Persons with Disabilities
- Newcomers to Canada
- Other Racialized Persons
- Canadians
- Youth (<40)
- Women
Non-profit candidates
Sector of operation
- Higher Education
- Economic, Social and Community Development
- Employment and Training
- Diversity and Inclusion
Target groups
- Young adults
- Indigenous peoples
- New immigrants & refugees
- People with disabilities
- Women & girls
- Business owners / entrepreneurs
- Nonprofits / charities
- Academia / students
- Minority groups
Revenue structures
- All structures
Scope
- National
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant supports projects related to providing quality work-integrated learning (WIL) opportunities for students across various industries. It encourages the participation of businesses in creating placements that enhance students' skills and employability.
- Hiring post-secondary students for paid work experiences.
- Creation of mentorship programs to guide students in their professional journeys.
- Involvement in co-op placements to offer practical experience aligned with academic studies.
- Conducting applied research projects that integrate academic knowledge with real-world applications.
- Facilitating internships that serve as a bridge from education to employment.
Eligibility
Who is eligible?
The Student Work Placement Program (SWPP) targets Canadian employers across various industries who are seeking to hire post-secondary students for work-integrated learning placements. Eligible employers can receive wage subsidies, providing financial assistance for hiring students from diverse backgrounds. Organizations must meet the following criteria:1. Be a registered Canadian business or not-for-profit organization.2. Provide a quality work-integrated learning experience for post-secondary students.3. Commit to paying the student for the role and demonstrate financial capacity to do so.4. Be compliant with federal and provincial human rights and labour legislation.5. Where required, ensure Workplace Safety and Insurance Board (WSIB) or equivalent coverage.Ineligible entities include government bodies, hospitals, crown corporations, post-secondary institutions, and certain financial and religious institutions, with limited exceptions for secular work opportunities.Who is not eligible
Certain types of organizations are ineligible for the Student Work Placement Program funding. These restrictions ensure alignment with program goals and compliance with public funding guidelines.
- Federal, Provincial, Territorial and Municipal Governments
- Hospitals and public long-term care facilities
- Crown Corporations
- Post-Secondary Institutions
- Financial institutions
- Non-secular institutions (except for secular WIL opportunities)
Eligible expenses
The Student Work Placement Program supports initiatives that create quality work-integrated learning (WIL) opportunities for post-secondary students. Eligible projects focus on providing students with paid work experiences related to their fields of study.
- Offering co-op placements in alignment with academic programs.
- Facilitating internships that integrate practical experience with academic curricula.
- Organizing mentorship programs that enhance employability skills.
- Conducting applied research projects with active student involvement.
- Creating practicum opportunities within professional settings.
Eligible geographic areas
This grant is available for companies and organizations operating throughout Canada. The funding aims to connect post-secondary students with work-integrated learning opportunities across the country.
- Any registered Canadian business or not-for-profit organization operating within Canada's provinces and territories.
Additional information
Here is a short summary of miscellaneous information about the grant:
- The subsidy can be combined with partial provincial funding but not with federal funding programs.
- Employers must follow provincial tax credit guidelines when stacking with provincial tax credits.
- Employers are responsible for workplace safety and insurance coverage.
- The program is administered on a first-come, first-served basis.
Documents and links
Frequently Asked Questions about the Magnet — Student Work Placement Program Program
Here are answers to the most common questions about the Magnet — Student Work Placement Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Magnet — Student Work Placement Program?
Get a wage subsidy to cover up to 70% of the costs of a work-integrated learning placement, to a maximum of $7,000 per placement, when you hire an eligible post-secondary student.
How much funding can be received?
Magnet — Student Work Placement Program Funds up to 70% of admissible expenses, capped at $7,000 per project.
What is the deadline to apply?
The application deadline for this grant program was August 31, 2024.
Who is eligible for the Magnet — Student Work Placement Program program?
To be eligible for the Magnet — Student Work Placement Program program, you must:
A registered Canadian business or not-for-profit willing to provide a quality work-integrated learning experience to a post-secondary student.
Compliance with all federal and provincial human rights and labour legislation, regulations, and relevant standards.
What expenses are eligible under Magnet — Student Work Placement Program?
This grant supports projects related to providing quality work-integrated learning (WIL) opportunities for students across various industries. It encourages the participation of businesses in creating placements that enhance students' skills and employability. Hiring post-secondary students for paid work experiences.
Creation of mentorship programs to guide students in their professional journeys.
Involvement in co-op placements to offer practical experience aligned with academic studies.
Conducting applied research projects that integrate academic knowledge with real-world applications.
Facilitating internships that serve as a bridge from education to employment.
Where is the Magnet — Student Work Placement Program available?
The Magnet — Student Work Placement Program program is available across Canada.
Is the Magnet — Student Work Placement Program a grant, loan, or tax credit?
Magnet — Student Work Placement Program is a Wage Subsidies And Interns