Closed
Last Update: May 15, 2026
Funding available
$ 5,000
Timeline
- Receipt of requests is now closed
Location
Canada
Overview
Up to $5,000 in wage subsidy is available for eligible student work placements. The program supports paid work-integrated learning opportunities for post-secondary students across Canada.
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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 : 5,000 $
- Up to 50% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Non-profit
- Sole proprietorship
- Public or Parapublic institution
- Non-financial cooperative
- Social economy enterprise
- For-profit business
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
- Paid work-integrated learning placements for post-secondary students.
- Co-op placements, internships, field placements, and applied projects.
- Mentorship-based and other WIL opportunities recognized by the student’s institution.
Eligibility
Who is eligible?
- Canadian private-sector employers.
- Not-for-profit organizations.
Who is not eligible
- Federal, provincial, territorial, and municipal governments.
- Post-secondary institutions.
- Hospitals and public long-term care facilities.
- Financial sector employers with 500 or more employees.
- Non-secular institutions, unless the placement is a secular WIL opportunity.
Eligible expenses
- Wages for eligible student placements.
- Mandatory employment-related costs tied to the student wage.
Eligible geographic areas
- Canada
Processing and Agreement
- Applications are reviewed and applicants are notified of the next steps within two weeks, depending on application volume.
- Funding is not guaranteed and depends on available program funds and eligibility review.
- If approved, the wage subsidy is reimbursed after the placement ends and required documentation is received and approved.
Additional information
- Applications are reviewed on a first-come, first-served basis.
- Funding is limited and not guaranteed.
- The program uses Outcome Campus Connect for applications and hiring.
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?
Up to $5,000 in wage subsidy is available for eligible student work placements. The program supports paid work-integrated learning opportunities for post-secondary students across Canada.
How much funding can be received?
Magnet — Student Work Placement Program Funds up to 50% of admissible expenses, capped at $5,000 per project.
Who is eligible for the Magnet — Student Work Placement Program program?
To be eligible for the Magnet — Student Work Placement Program program, you must:
Registered Canadian private-sector business or not-for-profit.
Quality WIL placement aligned with studies.
Must pay the student.
What expenses are eligible under Magnet — Student Work Placement Program?
Paid work-integrated learning placements for post-secondary students.
Co-op placements, internships, field placements, and applied projects.
Mentorship-based and other WIL opportunities recognized by the student’s institution.
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
Who are the financial supporters of the Magnet — Student Work Placement Program?
Magnet — Student Work Placement Program is funded by Magnet