Whether you’re arranging your own co-op job or using WaterlooWorks to find a position, it can be helpful to know about available sources of funding that may help employers cover the cost of hiring a student. This way, when you’re talking with potential employers or negotiating job offers, you can point them towards information that might make it easier and more cost-effective for them to hire YOU!
This webpage outlines some available sources of funding that can help (as a starting point) with your conversations with employers. Please be sure to do some research to ensure you have the most up-to-date information, and reach out to your co-op advisor if you have any questions about how to talk to employers about funding opportunities.
For more job search advice, visit our tips for arranging your own job webpage. You can also reach out to your co-op advisor for access to tailored UWaterloo broadcast letters to help introduce employers to the benefits of hiring a co-op student!
If an employer seems interested in applying for funding or has any questions:
- They must fill out any funding applications themselves – students cannot apply or fill out forms on their behalf.
- If they have questions about applying for funding or hiring a student more generally, they can contact email@example.com.
Information updated: Winter 2021
Toronto Finance International (TFI) - ASPIRE & The ASPIRE Challenge
For students interested in working within the financial services sector
|Eligibility/Who Can Apply:||Open to all full-time post-secondary students in Canada.
Various positions available for in the financial services sector
|How to apply:||Access opportunities offered through ASPIRE by completing the sign up form online.
Students can also sign up for The ASPIRE Challenge online.
Note: The ASPIRE Challenge is currently on hold, given ongoing physical distancing requirements and the uncertainty caused by the current COVID-19 pandemic.
Venture for Canada - Internship Program
For students interested in working for startups or related entrepreneurial projects
|Eligibility/Who Can Apply:||Students must be enrolled full-time or part-time and be Canadian citizens, permanent residents or refugees
Positions offered in all provinces excluding Ontario
|How to apply:||Applications for Spring 2021 now closed, but applications are being accepted for Fall 2021 and Winter 2022 on the Venture for Canada website.|
Environmental Careers Organization of Canada – Wage Subsidy Program for Environmental Students
For students interested in working within the environmental sector
Green Jobs - Project Learning Tree Canada
For students interested in green jobs
|Eligibility/Who Can Apply:||To be eligible for a Green Job you must be:
|How to apply:||Visit the Project Learning Tree Canada website and register or log in to apply.|
|Deadline:||on-going; apply between January - April for summer jobs.|
STEP Services - Government of Manitoba
For students interested in working for the Province of Manitoba
|Eligibility/Who Can Apply:||To work for the Province of Manitoba as a student employee, you must meet two requirements:
|How to apply:||Visit the Government of Manitoba STEP Services page to register.|
|Deadline:||Registration is effective until December 2021.|
Young Canada Works - Government of Canada
For students looking for Spring/Summer co-op opportunities
Two programs offered by Young Canada Works:
- Young Canada Works in Heritage Organizations
- This summer job program lasts between six and 16 weeks, and offers students job opportunities with organizations in Canada that have a heritage mandate. Students might organize cultural or recreational projects in a heritage organization, for example, or learn new skills in preserving and promoting our cultural heritage.
- Read more about who can apply to Young Canada Works in Heritage Organizations.
- Young Canada Works in Both Official Languages
- This summer job program lasts between six and 16 weeks, and offers students job opportunities with organizations which conduct activities in both official languages. Students can gain practical work experience while improving their second language skills.
- Read more about who can apply to Young Canada Works in Both Official Languages and the Languages at Work program.
|Eligibility/Who Can Apply:||A student may be eligible for employment if they:
|How to apply:||To apply for the Young Canada Works in Heritage Organizations program, please visit this page for full details and instructions.
To apply for the Young Canada Works in Both Official Languages program, please visit this page for full details and instructions.
|Deadline:||There is no deadline for students to apply, but it is recommended that applicants create an account and submit their candidacy before the summer.|
United Nations Association in Canada: Green Spaces
For students interested in green jobs
|Eligibility/Who Can Apply:||To be part of Green Spaces, applicants must be:
|How to apply:||Visit the UNAC Green Spaces page to register.|
For most up-to-date deadlines, visit the UNAC Green Spaces page.
If you are arranging your own job, or just networking with employers you are interested in working for, feel free to chat with them about the following funding opportunities that may be available to them!
GOVERNMENT OF CANADA’S STUDENT WORK PLACEMENT PROGRAM (SWPP)
As part of the Government of Canada's Student Work Placement Program (SWPP), a variety of funding opportunities are available for employers to hire students for the purposes of experiential learning. Employers may be eligible to receive up to $7,000 in wage subsidies!
If you and your employer meet the following guidelines, your work term will likely be eligible for SWPP funding. Please note: the table below should be used as a guide only, as the final decision around whether a work term is eligible for SWPP funding lies with SWPP funding partners.
Typically, employers must be:
Typically, students must be:
For more information on SWPP funding, please direct your employer to the webpage below on our employer website.
TAX CREDITS AND INCENTIVES
When Canadian employers hire a student enrolled in a co-operative education program, there are a number of tax credits they can take advantage of to help cover the cost of hiring a student. Depending on where they are located and what industry they are in, employers can claim a percentage of what they spent on hiring a student and receive tax credits in return.
These tax credits exist for employers in Ontario (can receive up to $3,000 per work placement) as well as employers in Central Canada, Western Canada, Atlantic Canada and Northern Canada. Learn more via the link below!
SPRING/SUMMER FUNDING OPPORTUNITIES
Did you know that provincial and federal funding exists to help employers cover the cost of hiring a co-op student over the spring/summer months? Visit the link below for more information.
GREEN FUNDING OPPORTUNITIES
For any Canadian companies working to building green technology, environmental projects or focusing on green initiatives, employers may qualify for funding opportunities! Visit the link below for more information.
FUNDING FOR SMALL BUSINESSES
Fun fact: 97.9% of Canadian businesses have between 1-99 employees according to a 2019 report released by Innovation, Science and Economic Development Canada. Despite making up such a large proportion of Canadian businesses, some small businesses may need funding to help hire a co-op student.
Visit the link below for more about funding opportunities for small businesses in Central Canada, Western Canada, Atlantic Canada and Northern Canada.
RESEARCH GRANTS AND FUNDING
Did you know that funding exists to help employers who hire students to conduct research? Visit the link below and direct employers here for more information!
If you are interested in working for an employer who is based outside Canada, you can try researching available opportunities in their area, or asking if they know of any funding that might be available to them!
MITACS BUSINESS STRATEGY INTERNSHIP PROGRAM
The Mitacs Business Stategy Internship program provides students with the opportunity to develop a strategic project in partnership with a company or not-for-profit organization in Canada. This internship program is for students to apply their strategic business skills to help Canadian small and medium enterprise businesses on the road to economic recovery. Strategy might be related to product redesign, product & services pivot, marketing, operations, finance, logistics, etc.
International visa students and all Canadian & PR students are eligible for this funding stream. The award will provide $10,000 to interested students who develop a project designed to help the organization restore or modify business operations in the new economic environment.