Tax Credit and Subsidy Programs

 

Tax Credit for an On-the-Job Training Period

Companies can take advantage of financial assistance in the form of a tax credit (up to $168 per week*) for on-the-job training periods.

Amount of Tax Credit

The tax credit may be increased in the following situations:

  • If the co-op student has immigrant or disabled status;
  • If the company is in the third consecutive taxation year for which it is eligible for a tax credit for a co-op student;
  • If the co-op work term is carried out in a resource region.

Consult the Revenu Québec website for more detailed information. 

*This amount has been increased since the last provincial budget for work terms starting on or after March 31, 2021, until May 1, 2022.

How to Proceed

A few weeks after the end of the co-op work term, ÉTS will send the required documents to employers, who must complete them and send them to the Ministère du Revenu du Québec.

1% Training Initiatives

A percentage (%) of expenses incurred in the hiring of a co-op student may be invested towards the Workforce Skills Development and Recognition Act (1% training initiatives).

Wage Subsidies for Students in STEM

The Student Work Placement program allows post-secondary students in science, technology, engineering and math (STEM) programs to acquire paid work experience related to their field of study.

Visit the Employment and Social Development Canada website for more information concerning this program.

Mitacs - Business Strategy Internship

Has COVID-19 impacted your business operations?

In a business environment disrupted by the COVID-19 pandemic, Canadian organizations are being challenged as never before. Help solve those challenges with a four-month $10,000 internship by outstanding students. Your contribution? Only $5,000.

For more information on about this subsidy, please contact: Inga Ebert, DA-Mitacs Specialist at ÉTS, 514 396-8822 ext. 7842.