Funding Opportunities

Student Work Placement Program (SWPP)

Thinking of hiring a co-op student?  Great news!

Through the Government of Canada Student Work  Placement Funding (SWPP) program, you may be eligible to receive up to $7,000 in wage subsidies!

General eligibility requirements:

  • Students who are Canadian citizens or permanent residents enrolled in any of Brocks 39 co-op programs are eligible (ie. Arts, Business, Humanities, Science etc.)
  • Work Terms must be full-time and between 12-16 weeks in length
  • Positions must be net-new (ie. over and above what employers hired last year) to qualify for SWPP funding

Want to learn more about the funding opportunities available?  Contact:

Dana Tonus, MBA
Manager, Employer Relations and Special Initiatives , Co-op Education
Brock University | Co-op, Career & Experiential Education
T 866-618-9373   E dtonus@brocku.ca

Other Funding Opportunities

Eligibility and application processes vary across industry sector councils. For specific details, please click on the drop down menus below.

Other Funding Opportunities

Co-operative Education Ontario Tax Credit

You can claim the co-operative education tax credit if you are a corporation that provided a qualifying work placement at a permanent establishment in Ontario for a student enrolled in a qualifying post-secondary co-operative education program.

The credit is equal to an eligible percentage (25% to 30%) of the eligible expenditures incurred by the corporation for a qualifying work placement. The maximum credit for each qualifying work placement is $3,000.

Eligible employers:

  • All Ontario Co-op employers
  • The placement must be for a period of at least 10 consecutive week
  • The student must be paid for the work performed
  • Eligible expenditures are:
    • salaries and wages (including taxable benefits) paid or payable to a student in a qualifying work placement
    • fees paid or payable to an employment agency for the provision of services performed by the student in a qualifying work placement

Contact Information:

Ministry of Finance, Corporate Tax Branch at  905-433-6513

https://www.fin.gov.on.ca/en/credit/cetc/

Canada Summer Jobs

Canada Summer Jobs provides funding to help employers create summer job opportunities for students. It is designed to focus on local priorities, while helping both students and their communities.

Canada Summer Jobs:

  • provides work experiences for students
  • supports organizations, including those that provide important community services; and
  • recognizes that local circumstances, community needs and priorities vary widely

Eligible employers:

Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees to create summer job opportunities for young people aged 15 to 30 years who are full-time students intending to return to their studies in the next school year.

Contact Information:

https://www.canada.ca/en/employment-social-development/services/funding/youth-summer-job.html?utm_campaign=not-applicable&utm_medium=vanity-url&utm_source=canada-ca_canada-summer-jobs

 

Northern Ontario Internship Program

The intent of the Northern Ontario Internship Program is to strengthen Northern Ontario’s competitive advantage and build economic development capacity by attracting and retaining graduates in the North. The program provides recent graduates who are interested in launching and building their careers in Northern Ontario access to internships

Eligible employers:

Private sector, public sector, and not-for-profit organizations located in Northern Ontario that are interested in providing training and work experience to recent graduates. The organization must have been in operation for at least one year with a minimum of one full-time employee and operate in existing and emerging priority economic sectors:

  • advanced manufacturing
  • agriculture, aquaculture and food processing
  • arts, culture and creative industries
  • digital economy
  • forestry and value-added forestry-related industries
  • health sciences
  • minerals sector and mining supply and services
  • renewable energy and services
  • tourism
  • transportation, aviation and aerospace
  • water technologies and services
  • municipalities, First Nations, post-secondary education institutions, and research institutions may also apply

Other business activities that, in the opinion of the NOHFC Board of Directors, will result in an economic development advantage for Northern Ontario will be considered on a case-by-case basis.

A legal entity is entitled to two internship positions at a given time. Additional research positions are considered for colleges, universities and research institutions (as defined by NOHFC).

Contact Information:

Toll free line: 1-800-461-8329

https://nohfc.ca/en/pages/programs/northern-ontario-internship-program

nohfc.ndm@ontario.ca

 

NRC – Industrial Research Assistance Program (NRC-IAP)

For nearly 70 years, the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) has been stimulating wealth creation for Canada through technological innovation. This is largely accomplished by providing technology assistance to small and medium-sized enterprises (SMEs), at all stages of the innovation process, to build their innovation capacity and successfully take their ideas to market. NRC IRAP helps SMEs identify and understand technology issues and opportunities and provides linkages to the best business and R&D expertise in Canada.

Eligible employers:

In order to be considered for possible NRC IRAP funding, the basic eligibility criteria are:

  • be a small and medium-sized enterprise in Canada, incorporated and profit-oriented;
  • have 500 or fewer full-time equivalent employees; and
  • have the objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada.

Contact Information:

Toll-free: 1-877-994-4727

https://www.nrc-cnrc.gc.ca/eng/irap/

Natural Sciences and Engineering Research Council of Canada

NSERC aims to make Canada a country of discoverers and innovators for the benefit of all Canadians. The agency supports university students in their advanced studies, promotes and supports discovery research, and fosters innovation by encouraging Canadian companies to participate and invest in postsecondary research projects. NSERC researchers are on the vanguard of science, building on Canada’s long tradition of scientific excellence.

Eligible employers:

NSERC funds are awarded to Canadian universities and colleges. Companies are welcome to collaborate with and support applications from these institutions for grant funds.

Contact Information:

General Inquiries: sectr@nserc-crsng.gc.ca

http://www.nserc-crsng.gc.ca/NSERC-CRSNG/Index_eng.asp

Ontario Interactive Digital Media Tax Credit

The OIDMTC is a refundable tax credit available to qualifying corporations for expenditures related to the creation of eligible interactive digital media products. A 40% tax credit is available for eligible Ontario labour expenditures and eligible marketing and distribution expenses incurred by qualifying corporations that develop and market their own products (known as “non-specified products”). The credit is 35% on eligible Ontario labour expenditures for products developed under a fee-for-service arrangement (known as “specified products”). A 35% credit on eligible labour expenditures is also available to qualifying digital game corporations and specialized digital game corporations (see large digital game corporations below). There is no limit on the amount of eligible Ontario labour expenditures which may qualify and there is no per-project or annual corporate limits on the amount of the OIDMTC which may be claimed. Eligible marketing and distribution expenses are capped at $100,000 per non-specified product.

Eligible employers:

A qualifying corporation is a Canadian corporation (Canadian or foreign-owned), which develops an eligible product at a permanent establishment in Ontario operated by it, and files an Ontario tax return.

Corporations that are prescribed labour-sponsored venture capital corporations under the regulations made under the Income Tax Act (Canada) and corporations that are exempt from tax or are controlled directly or indirectly by a corporation exempt from tax are not eligible for the OIDMTC.

Contact Information:

Tax Credits & Financing Programs Ontario Media Development Corporation

T: 416.642.6659

F: 416.314.6876

http://www.omdc.on.ca/interactive/Tax_Credits/OIDMTC.htm

Rural Economic Development Program

Ontario’s Rural Economic Development (RED) program helps rural communities remove barriers to community economic development.

With the support of the program, rural communities are better positioned to attract investment, create jobs, enhance economic growth and make everyday life easier for rural Ontarians.

The RED program supports the government’s plan to create jobs, grow our economy and help people in their everyday lives by:

  • Helping remove barriers to economic development for rural communities, Indigenous communities and organizations, and not-for-profit organizations.
  • Helping rural communities identify their economic strengths and develop strategies to attract business and investment which will help retain and create jobs.
  • Helping rural communities and partners to be in a more competitive economic position so that they can diversify and grow their local economies – making economic growth more inclusive so that Ontario’s growing economy delivers real benefits to rural Ontario.

Eligible employers:

In order to be eligible to apply applicant(s) must:

  • be one of:
  • a legal entity that is a Not-for-Profit*
  • a Municipality**
  • a Local Services Board***; or
  • an Ontario Indigenous community or organization****
  • have the authority to enter into a legal agreement; and
  • be in compliance with all requirements of law and agree to remain in compliance for the term of the Contribution Agreement (if the project is approved)

Contact Information:

Agricultural Information Contact Centre: 1-877-424-1300 or RED@ontario.ca

http://www.omafra.gov.on.ca/english/rural/ruralfunding/index.html

Scientific Research and Experimental Development Program (SR&ED)

The SR&ED program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development.

Eligible employers:

Generally, a Canadian-controlled private corporation (CCPC) can earn an investment tax credit (ITC) of 35% up to the first $2 million of qualified expenditures for SR&ED carried out in Canada, and 20% on any excess amount. Other Canadian corporations, proprietorships, partnerships, and trusts can earn an ITC of 20% of qualified expenditures for SR&ED carried out in Canada.

Contact Information:

Business inquiries Line service:

  • In English at 1-800 959-5525
  • or for service in French at 1-800-959-7775

http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html