Tax credits and funding
In addition to savings on wages and recruitment, employers may be eligible for other funding opportunities, such as tax credits.
Companies may qualify for provincial or federal tax credits:
- The Quebec government’s Tax Credits for Practicums in the Workplace allows certain Quebec-based companies to claim between 24% to 40% of a student’s salary, including a percentage for training costs For more information please visit Revenue Quebec site or call 1-800-567-4692
- The Canada Revenue Agency allows companies to receive tax credits for a percentage of qualified expenditures for scientific research and experimental development carried out in Canada
- Companies whose primary business is producing Canadian film, video or related services may be eligible for tax credits from The Canadian Audio-Visual Certification Office
Other sources of funding
Employers may be eligible for a number of subsidies that help them hire Concordia’s Co-op students. Here are some examples, though this is not a complete list.
- The Natural Sciences and Engineering Research Council of Canada (NSERC) offers Industrial Undergraduate Student Research Awards to students in natural sciences or engineering
- The National Research Council Canada offers industrial technology assistance and financial assistance to companies with up to 500 employees who are pursuing technological innovation
- Mitacs helps companies connect with top Canadian researchers through a suite of research and training programs.
- Sustainable Development Technology Canada offers financing to eligible companies developing clean technologies.
- Canada Summer Jobs helps not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees hire students for the summer work term
- Concordia University’s Northern Studies Committee may be able to apply on behalf of eligible students for funds from the Northern Scientific Training Program