Many large corporations choose to hire co-op students for work-placements, but small-medium sized businesses can benefit just as much, if not more. Hiring a co-op student as a small business brings many advantages both the organization and to the student.
Get a better tax credit
Any organization that hires a co-op student for a placement is eligible to receive the Co-op Education Tax Credit from the Government of Ontario. While large organizations are able to claim up to 25% of wages paid to the student, small businesses (those whose total payroll is under $400,000) are able to claim a tax credit of up 30%, to a maximum of $3000. Continue reading




