Concordia University

Tax credits and funding

In addition to savings on wages and recruitment, employers may be eligible for other funding opportunities, such as tax credits.

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

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 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.
  • 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
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