Magnet — Student Work Placement Program
Canada
Money to hire students for work-integrated learning
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|closingDateDecember 04, 2023
grant_single|financingType
Wage Subsidies And Interns
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Magnet
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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.
grant_single_labels|projects
There are eligible activities for this grant:
- Co-op placements
- Practicums
- Applied research projects
- Internships
grant_single|admissibleProjectsExample
$7,000
Toronto
Marketing internship to develop a social media strategy for 'EcoSustain Enterprises'
$7,000
Montreal
Applied research project on sustainable agriculture at 'GreenFields Cooperative'
$7,000
Vancouver
Conduct a marketing research project with two post-secondary interns
$7,000
Vancouver
Co-op placement for software development at 'TechNova Solutions'
$14,000
Calgary
Practicum for graphic design students at 'Artistry Co-op'
grant_single_labels|admissibility
The eligibility criteria for this grant include:
- Employers must be a registered Canadian business or not-for-profit.
- Students must be registered as a domestic student in a recognized post-secondary institution.
- Placements must meet requirements of a net new placement as defined by Employment and Social Development Canada.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant must be a Registered, Canadian business or not-for-profit.
- Registered, Canadian businesses
- Not-for-profit organizations
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the Student Work Placement Program grant. These include, but are not limited to:
- Federal, Provincial, Territorial, and Municipal Government
- Hospitals and public long-term care facilities
- Crown Corporations
- Post-Secondary Institutions (PSIs)
- Financial institutions
- Non-secular institutions*
grant_eligibility_criteria|zone
- Ontario
- Quebec
- British Columbia
- Alberta
grant_single_labels|criteria
Evaluation and selection criteria for the Student Work Placement Program grant are:
- Demonstrated commitment to providing quality work-integrated learning experiences
- Financial capacity to pay the student for the duration of the placement
- Compliance with federal and provincial legislation and standards
- Recognition of placement as work-integrated learning
grant_single_labels|register
- Step 1: Check Eligibility Criteria
- Content: Review the eligibility requirements for employers, students, and placements.
- Implications: Ensure that your business, student, and placement meet the necessary criteria to qualify for the grant.
- Step 2: Prepare Required Documentation
- Content: Gather all the necessary documentation, such as proof of student registration and workplace insurance coverage.
- Implications: Having the required paperwork ready will streamline the application process.
- Step 3: Submit Application
- Content: Complete and submit the application for the Student Work Placement Program.
- Implications: Your application will be reviewed based on the provided information and eligibility criteria.
grant_single_labels|otherInfo
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.
Apply to this program
Student Work Placement Program Summary
The Student Work Placement Program (SWPP) Powered by Magnet is a government-funded initiative that facilitates quality work-integrated learning opportunities for post-secondary students. Employers can receive wage subsidies of up to $7,000 when hiring students for paid work experiences.
Comprehensive Overview of the Student Work Placement Program
The Student Work Placement Program (SWPP) Powered by Magnet is a collaborative effort that connects employers, students, and post-secondary institutions to create valuable work-integrated learning experiences. This program offers wage subsidies to employers who hire students, helping them gain practical work experience in their chosen fields.
Employers of all sizes and industries can benefit from SWPP by building a talent pipeline, reducing costs, and supporting student development. The program aims to address the impacts of the COVID-19 pandemic on hiring capacity and business growth opportunities.
Through SWPP, employers can access funding to cover up to 50% or 70% of the student wages for net new placements, with increased support for under-represented groups such as women in STEM, Indigenous students, newcomers, persons with disabilities, visible minorities, and first-year students.
Employers must meet specific eligibility criteria, including being a registered Canadian business or not-for-profit, providing a quality work-integrated learning experience, and complying with relevant legislation. Students must be domestic post-secondary students legally entitled to work in Canada and undertaking a placement connected to a recognized program.
SWPP offers a valuable opportunity for employers to participate in a program that aligns with their hiring needs, supports student skill development, and contributes to building a diverse and skilled workforce in Canada.
