Join the conversation...
@HireWaterloo on Twitter
As an official Waterloo employer, you can get a receipt from our job portal, WaterlooWorks. For help on finding your receipts and necessary documents in WaterlooWorks, visit our page on how to obtain a tax credit receipt.
Amount: |
Large corporations can claim 25% of expenditures, up to $3,000, while small businesses can claim 30% of expenditures up to $3,000, per eligible work placement. This tax credit is available for each work placement. Each work placement needs to be a minimum of 10 weeks and maximum of 4 months with no cap on the amount of eligible work placements an employer submits. Employers may have multiple work placements which take place at the same time and throughout the year (I.e. iIf an organization decides to hire for an eight-month work term, or two students for four-month work terms, both would be considered as two work placements and would be eligible for a total tax credit of up to $6,000). |
---|---|
Who can apply (eligibility): | Any Ontario employer hiring students from a post-secondary co-op program |
How to apply: |
Corporations claim the tax credit on Schedule 550 of their T2 corporation income tax return. Unincorporated businesses claim the credit on Form ON479 in their personal tax return. Learn more about the forms you need to submit on the government website. |
Application deadline: | Tax season each year |
Amount: | 15 -35% tax credits for eligible expenditures, which may include the salaries of co-op students |
---|---|
Who can apply (eligibility): | Canadian businesses of all sizes and in all sectors who complete research and development in Canada. This includes basic research, applied research and experiential development. |
How to apply: |
Corporations claim the tax credit on Schedule 508 and file it with their T2 corporation income tax return. Learn more about the forms you need to submit on the government website. |
Application deadline: | Tax season each year |
Join the conversation...
@HireWaterloo on Twitter
The University of Waterloo acknowledges that much of our work takes place on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee peoples. Our main campus is situated on the Haldimand Tract, the land granted to the Six Nations that includes six miles on each side of the Grand River. Our active work toward reconciliation takes place across our campuses through research, learning, teaching, and community building, and is co-ordinated within the Office of Indigenous Relations.