Funding Opportunities
To help you pay your Algonquin College co-op student, there are several provincial and federal funding opportunities to help offset some of your salary costs.
The Algonquin College Co-op Department can help you navigate how to access each of these funding opportunities. Please contact us at coopandcareer@algonquincollege.com and we will guide you through the process.
Co-op Funding Opportunities
Co-operative Education Tax Credit (CETC) – Up to $3,000
Co-operative Education Tax Credit – Up to $3,000
Ontario businesses that hire students from eligible post-secondary co-op programs may qualify for a refundable tax credit of 25–30% of wages paid, up to $3,000 per student work term. This incentive helps employers provide valuable work experiences while reducing employment costs. Click here for full eligibility details and program criteria
The Algonquin College Co-op & Career Centre automatically issues tax credit letters at the end of each co-op work term for students in qualifying programs.
Eligible Programs:
| Applied Nuclear Science and Radiation Safety (Pembroke) | Civil Engineering Technology |
| Architectural Technician | Computer Engineering Technology – Computing Science |
| Architectural Technology | Computer Programming |
| Bachelor of Commerce (Marketing) (Honours) | Computer Programming (Pembroke) |
| Bachelor of Commerce (Supply Chain Management) (Honours) | Computer Programming and Analysis |
| Bachelor of Culinary Arts and Food Science (Honours) | Computer Systems Technician (Pembroke) |
| Bachelor of Digital Marketing Communication (Honours) | Computer Systems Technician – Networking |
| Bachelor of Engineering (Automation and Robotics) (Honours) | Construction Engineering Technician |
| Bachelor of Event, Sport, and Entertainment Management (Honours) | Electrical Engineering Technician |
| Bachelor of Hospitality and Tourism Management (Honours) | Electrical Engineering Technology |
| Bachelor of Public Safety (Honours) | Electro – Mechanical Engineering Technician |
| Bachelor of Science (Building Science) (Honours) | Horticultural Industries |
| Business – Agriculture | Interactive Media Design |
| Business – Management and Entrepreneurship | Mechanical Engineering Technology |
| Business – Marketing | Office Administration – Executive |
| Business (Pembroke) | Powerline Technician |
| Business Administration – General Business | Web Development and Internet Applications |
Student Work Placement Program (SWPP)
The Student Work Placement Program (SWPP) is a wage subsidy program that provides postsecondary students with paid work experience. Employment and Social Development Canada (ESDC) works with Employer Delivery Partners to provide student work placements and wage subsidies of up to $5,000–$7,000.
Please note that international students do not qualify for SWPP funding.
General Eligibility Requirements
- Employers can hire students in any program
- Students must be Canadian citizens, permanent residents or a person to whom refugee protection has been conferred under the Immigration and Refugee Protection Act
- Provincial and territorial governments are not eligible
- Positions must be net new to qualify (positions over and above what employers hired last year at the same time)
The following is a list of employer delivery partners:
- Accueillez un stagiaire | Pratiques RH
- BIOTalent Canada
- Canadian Agricultural Human Resources Council – Growing Opportunities
- Canadian Council for Aerospace and Aviation (CCA)
- Canadian Media Producers Association
- Electricity Human Resources Canada (EHRC)
- Environmental Careers Organization of Canada (ECO Canada)
- Excellence in Manufacturing Consortium WILWorks
- Food Processing Skills Canada
- Information and Communication Technology Council (ICTC)
- Magnet
- Mining Industry Human Resource Council (MiHR)
- Ontario Chamber of Commerce – Talent Opportunities Program (TOP)
- Technation – Career Ready Program
- Tourism HR Canada – Propel Student Work Placement Program
- Trucking HR Canada
- Venture for Canada
Other Funding Opportunities
Mitacs – Accelerate
Eligible Students:
- Canadian citizens, permanent residents, and international students over the age of 18.
Eligible Employers:
- Eligible for-profit corporations in Canada and not-for-profit corporations in Canada.
- For-profit businesses outside Canada.
- All sectors.
- Not-for-profit corporation eligibility and project economic orientation must be assessed prior to proposal submission.
- Contact accelerate@mitacs.ca to confirm your start-up’s eligibility.
Application Process:
https://www.mitacs.ca/en/programs/accelerate
Contact: accelerate@mitacs.ca
Canada Summer Jobs
Not-for-profit organizations, public-sector employers and small businesses can receive funding to support summer job opportunities for young people aged 15 to 30 years who are full-time students intending to return to their studies in the upcoming school year.
Hiring your Co-op Student after Graduation
Co-op students make a significant contribution to the organizations they work for, and as a result employers often want to keep them on staff even after co-op ends and students graduate. Below you will find some funding opportunities to help convert your co-op hire into a more long-term hire after graduation.
Employment Ontario Service Offices
Employment Ontario Service Offices
Funding and resources may be available for registered Ontario businesses looking to hire staff.