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Government Funding Resources

Explore government funding opportunities

Hiring a student as an intern or a recent graduate can be very beneficial for your company. The Government of Canada has released multiple funding opportunities to provide grants and tax credits for eligible businesses to hire the right employees.

Funding Opportunities
 

Hiring a student as an intern or a recent graduate can be very beneficial for your company: from completing the urgent tasks in times of need to bringing new ideas and pipelining a talent.

To support business through these challenging times, the Government of Canada has released multiple funding opportunities to provide grants and tax credits for eligible businesses to hire the right employees.

What are the benefits?

Grants – The funding opportunities are available to subsidize the cost of your hire.

Tax Credit – When you hire a student enrolled in a co-operative education program, you can take advantage of a tax credit up to up to $3,000 per work placement. Rotman will provide all eligible employers with a letter from the University that you need to submit when filing your taxes.

Browse the funding opportunities type below to learn more.

Hiring Rotman Students for Internship, Contract, Co-op Education

Hiring a student as an intern or a recent graduate can be very beneficial for your company: from completing the urgent tasks in times of need to bringing new ideas and pipelining a talent.

To support business through these challenging times, the Government of Canada has released multiple funding opportunities to provide grants and tax credits for eligible businesses to hire the right employees.

1 – Student Work Placement Program (SWPP)

Canada’s Student Work Placement Program (SWPP) provides a variety of funding opportunities for employers to hire current and graduating students for gaining paid work experience related to their field of study.

Graduate Students

  • Current students in science, technology, engineering, math, and business programs. 

  • Canadian Citizen or Permanent Residents or Refugee protection

Employers

  • Registered Canadian business or organization

  • Not a Federal, provincial, or territorial government groups 

  • Able to provide quality learning experience to the new hire 

Employment Placement

  • Positions must be net new to qualify for SWPP funding 

  • Length of placement is between 12 to 16 weeks

  • Activities can include applied research projects, co-op placements, internships, mentorship programs and practicums

SWPP wage subsidy amount

  • The subsidy is based on full-time employment opportunities between 12-16 weeks

  • Up to 50% of the wage (up to $5000) per new placement, and 70% (up to $7000) for under-represented groups and first-year students

  • There is a total of 7 SWPP delivery partner organizations that distribute this funding

Next Steps – How to apply 


STEP 1: Identify the specific funding partner and its requirements (mostly, it is industry-based).

SWPP Delivery Partner Info

BioTalent Canada (Biotechnlogy)
Employer Eligibility: 

  • Registered, Canadian business or not-for-profit

  • The employer’s organization and/or the co-op position needs to have a biotechnology focus.

  • The balance of the wages cannot be funded by another federal program.

  • Federal, Provincial, Territorial and Municipal Government does not qualify

  • Employers based in Ontario can also qualify for a tax credit of up to $3,000 as part of the Co-operative Education Tax Credit

For full program details, visit the BioTalent website.

ECO Canada (Environment)
Employer Eligibility: 

  • The company needs to be Canadian owned or a Canadian subsidiary

  • For organizations working within the environmental sector, has an environmental division, or is working on environmental projects.

  • Organizations must be able provide full-time work to a student for at least 16 weeks long.  Funding can be applied to co-op and part-time students

For full program details, visit the ECO Canada website.

Information and Communication Technology Council (IT, Digital Communication)
Employer Eligibility: 

  • For organizations operating in the information and communications technology sector:
    Advanced Manufacturing
    Artificial Intelligence
    Big Data
    Clean Tech
    Connected transportation
    Cybersecurity
    e-Health
    Entertainment
    Fintech
    Gaming
    Intelligent Retailer

  • The company needs to be Canadian owned or a Canadian subsidiary

  • For organizations working within the environmental sector, has an environmental division, or is working on environmental projects.

  • Organizations must be able provide full-time work to a student for at least 12 weeks long.  

For full program details, visit the Information & Communications Technology Council website.

Mining Industry Human Resources Council
Employer Eligibility: 

  • Canadian-owned or a Canadian subsidiary company

  • Organizations in Canada operating in the mining or mineral exploration sectors

  • Small to large companies, post-secondary institutions or non-profit organizations

For full program details, visit the Mining Industry Human Resources Council website.

TECHNATION (Technology)
Employer Eligibility: 

  • For organizations operating in the field of Information and Communication Technology

  • Registered Canadian business or organization 

  • Not a federal or provincial government group

  • Have the financial capacity to hire a student for a part of full time work term, pay them consistently and provide a meaningful work experience

For full program details, visit the ITAC (TECHNATION) website.

Venture For Canada (Start-ups)
Employer Eligibility: 

  • Small to Medium sized business, start-up, social enterprise, nonprofit, or charity

  • Business located in Atlantic Canada and British Columbia

  • No Industry restriction

For full program details, visit the Venture For Canada website.

A complete list is available on the Government of Canada website. 

STEP 2: Reach out to the appropriate funding partner and apply for pre-approval.

STEP 3: Once pre-approval is complete, please connect with Rotman Career Services at career.services@rotman.utoronto.ca to get access to the brightest and most diverse business talent pool in Canada.

Hiring Rotman Recent Graduate for Full Time & Part Time Position  

Canada Emergency Wage Subsidy

The program provides a 75-per-cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020.

Employer Eligibility: Please visit CEWS Eligible Employers webpage for details and CEWS How to Apply on application process.

Canada Work-Sharing Program (WS)

The program is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer.

Employer Eligibility:  The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers.  

Please visit WS How to Apply webpage for application details.

Youth Employment Program (IRAP)

The NRC-IRAP Youth Employment Program is designed to assist the hiring young Canadian post-secondary graduates. Graduate(s) can be applied to most areas from business development to technical to customer service/administration.  Provides up to $30,000 per graduate (up to two) for a period of 6 to 12 months.

Employer Eligibility:  Incorporated and financially stable Canadian business with 1-500 employees; must be responsible for finding graduates before applying. Candidates must be between 15-30 years old.

Please visit Youth Employment Program for more details.

 

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