Co-operative Education Tax Credit

These are intended as guidelines only and are not intended to replace the current tax legislation.

  • The Co-operative Education Tax Credit (CETC) is a refundable tax credit available to eligible businesses that employ post-secondary students enrolled in qualifying co-operative education programs at eligible educational institutions.
  • In Ontario, the Co-operative Education Tax Credit allows you to deduct 25% - 30% of salaries, wages, and benefits to a maximum of $3,000 for each qualifying work term (4 months).

An eligible employer includes all corporations or unincorporated businesses with permanent establishments in Ontario subject to Ontario corporate income tax or Ontario personal income tax.  Members of a partnership may share the CETC for each qualifying work placement.  Limited partners are not entitled to this credit; however, the general partners of a limited partnership are entitled to share the credit.

Funding for local technology employers (Summer 2019)

Western is pleased to offer a new funding incentive to small and medium-sized London based technology employers who offer paid summer internships to students from Liberal Arts faculties (Arts and Humanities, Information and Media Studies, Music and Social Science). 

Western, with the support of The Ministry of Advanced Education and Skills Development’s Career Ready Fund, will reimburse employers 25% of an intern’s wages (up to $3,000) upon the student’s successful completion of the internship. Employers may also be eligible for additional wage subsidies, such as the Ontario Co-operative Education Tax credit. 

To confirm your eligibility for this funding or to learn more, please contact hirewesternu@uwo.ca.