Apprenticeship Training Tax Credit
Amount: Maximum of $5,000/year/apprentice; Maximum of $5,000/36-month period
The tax credit is based on salaries and wages paid to an apprentice. Qualifying businesses can claim 25 per cent of eligible expenditures (30 per cent for small businesses) made during the first 36 months of an apprenticeship program that commences on
or after April 24, 2015 and before November 15, 2017.
The maximum credit for each apprenticeship is $5,000 per year. The maximum credit over the first 36-month period is $15,000.
Eligibility Requirements and Application Procedures for Apprenticeship Training Tax Credit
Career Focus Initiative – Electricity Sector Council
Amount: Maximum of $12,500 over a 12-month work period
This wage subsidy program is open to energy-related businesses. Those who meet the eligibility requirements will be provided with a subsidy equal to half of the eligible participant’s salary up to a maximum of $12,500 over a maximum 12-month work period.
Eligibility Requirements and Application Procedures for Career Focus Initiative - Electricity Sector Council
Co-operative Education Tax Credit
Amount: Maximum credit of $3,000 per work placement
The co-operative education tax credit is a refundable tax credit available to employers who hire students in a co-operative education program at an Ontario university or college. The program is administered by the Canada Revenue Agency through the Federal
income tax system.
Eligibility Requirements and Application Procedures for Co-operative Education Tax Credit
Environmental Internships and Wage Subsidies
Amount: Maximum of $12,000
This internship program provides environmental employers with a wage-subsidy of up to $12,000 to connect new graduates with environment industry employment.
Eligibility Requirements and Application Procedures for Environmental Internships and Wage Subsidies
Graduate Enterprise Internship (GEI)
Amount: Maximum of $10,000 for a 6-month internship
Southern Ontario small or medium-sized enterprises may be eligible for up to $10,000 of matching funds for a 6-month internship for a recent graduate of an Advanced Diploma program. Students who have graduated from STEM (science, technology, engineering,
mathematics) programs will be considered for participation.
Eligibility Requirements and Application Procedures for Graduate Enterprise Internship
The Ontario Innovation Tax Credit (OITC)
Amount: Maximum of $300,000
10% refundable tax credit, up to $300,000 per year available for Ontario private and public sector corporations. This could be used towards the hiring of students for Scientific Research and Experimental Development in Ontario.
Eligibility Requirements and Application Procedures for The Ontario Innovation Tax Credit
Student Work Placement Program (SWPP) Government Funding
Amount: Up to 75% of wages to a max of $7,500 per student
This program provides employers with wage subsidies to hire post-secondary students for paid work experiences. Students in turn benefit with quality work experience so they can secure employment in their chosen fields of study.
Lambton College Employment Services Training Incentives
Are you an employer looking to hire in the Lambton County area? Employment Ontario Employment Service providers use a standardized formula to help determine consistent, fair and appropriate funding levels for employers and participants. The amount of
the incentive will vary based on complexity of job skill level required and length of training required. For more information, please visit Lambton College Community Employment Services or call 519-882-4333.