Co-op & Career Services

Apprenticeship Training Tax Credit

Amount: Maximum of $15000/year/apprentice; Maximum of $15,000/36-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.

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.

Career Focus Initiative – BioTalent First Bio Job

Amount: Maximum of $20,000

This wage subsidy program funding provides up to $20,000 towards your salary as an incentive for employers to hire and train recent graduates. Eligible employers must be registered on BioTalent Canada’s online job board specific to the Canadian bio-economy.

Co-operative Education Tax Credit

Amount: Maximum credit of $3,000 per work placement

This tax credit (Maximum credit of $3,000 per co-op work term) 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.

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.

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.

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.

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 formulae 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 contact Dave.Gibbons@lambtoncollege.ca c/o Lambton College Employment Services in Petrolia.