Grants & Incentives
There are several grants and incentives that help employers take on new employees, current students, or recent graduates. Below you will find some options to help make it easier for you to fund a new hire or co-op position, or to train an existing employee.
Hiring Co-op Students
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.
Amount: Maximum of $7,000 per student position
Aimed at preparing students for the future of work, the program will create new work-integrated learning (WIL) opportunities in electricity by providing subsidies of up to $7,000 per student position to the organizations who create these new opportunities.
Career Focus Initiative - Electricity Sector Council
Amount: Maximum of $17,000 to eligible employers when apprentices meet training and certification milestones
Employers who train apprentices may be eligible for grants to help mitigate the cost of training. This initiative support apprentice progression by giving grant payments to employers when their apprentices reach major milestones.
Hiring Students & Recent Graduates
Amount: Up to 75% of wagest to a maximum 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.
Graduate Enterprise Internship (GEI)
Amount: Maximum $10,000 for a six-month internship
Southern Ontario small or medium-sized emterprises may be eligible for up to $10,000 of matching funds for a six-month internship for a recent graduate of an Advanced Diploma program. Student 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
The OITC includes a 10% refundable tax credit and up to $300,000 per year for Ontario private and public sector corporations. This tax credit can be used towards hiring students for Scientific Researh and Experiemental Development in Ontario.
Existing or New Employees
If you're looking to train new or existing employees, below you will find two incentive programs that can assist with the costs for training.
Canada-Ontario Job Grant
Canada-Ontario Job Grant
Are you looking to train your existing or new employees? Share that training cost with the Canada-Ontario Job Grant (COJG).
The Canada-Ontario Job Grant provides employers and businesses in Ontario with financial support for short-term training.
- Maximum $10,000 per employee to offset cost of training
- If training a new employee, businesses may receive up to 100% and up to $15,000
- Available to all Ontario businesses for short-term training
- Training to be delivered by an eligible third-party trainer or institution
Lambton College Employment Services Training Incentives
If you're an employer looking to hire in the Lambton County area, then Employment Ontario Employment Service providers can assist by using a standardized formula to help determine consistent, fair, and appropriate funding levels for employers and participants.
The incentive amount will vary based on:
- Complexity of job skill level required
- Length of training
For more information, contact Community Employment Services by email or call 519-882-4333.
This Employment Ontario program is funded in part by the Government of Canada and the Government of Ontario.
Let us walk you through the program, call us at 519-882-4333 or email firstname.lastname@example.org.