WebStudent Work Placement Program funding can be combined with the Ontario Co-operative Education Tax Credit. This mean that you might be eligible to receive both types of … WebThe co-op student’s performance on the job is supervised and evaluated by the employer; The total work experience component of the program is no less than 30% and no more ... return; and unincorporated businesses use the Ontario Tax Credit form ON479 included
P105 – Students and Income Tax - Canada.ca
WebFor each qualifying co-op work placement ending in the taxation year, a business that is an eligible employer may claim a refundable tax credit equal to the lesser of: 25% (30% for … WebThe Co-operative Education Tax Credit (CETC) is a refundable tax credit available to employers who hire students enrolled in a recognized Ontario university or college co-operative education program. The Canada Revenue Agency (CRA) administers the program on behalf of Ontario through the federal income tax system. in the exam 45 students failed
Ontario Trillium Benefit (Apr 2024): The Ultimate Guide - Wealth …
WebYou may be eligible for a tax credit of up to $3,000 when you hire a student enrolled in a co-operative education program. Other requirements include: Paying the student for their … WebOntario Co-op Education Tax Credit In order to help Ontario’s university and college students gain work experience and enhance their future employment opportunities, the Ontario government provides a refundable tax credit for businesses hiring students enrolled in a recognized post-secondary co-operative education program. WebJan 25, 2024 · Co-operative Education Tax Credit. The Co-operative Education Tax Credit is a refundable tax credit for Ontario-based co-op employers who hire students … new hope congregational christian church