Funding opportunities

It's never been more affordable to hire a co-op student.

There are a number of grants, tax credits and funding programs that subsidize, and sometimes completely cover, the cost of your hire. Browse the funding opportunities below to learn more.


Funding during the COVID-19 pandemic: 

• In an effort to support small businesses through these unprecedented times, the Government of Canada recently released the Emergency Wage Subsidy. This program offers up to 75% wage coverage for up to 12 weeks. Read more on the Government of Canada website.

• The Government of Canada's Student Work Placement Program has announced: 
1) "net new" hire restrictions have been removed
2) temporary changes to some eligibility requirements to increase flexibility*
Learn more about how these changes can benefit you. 

 • Changes to the Canada Summer Jobs program will help small businesses hire and keep the workers they need so they can continue to deliver essential services. Read more about these changes.

Please note: some exceptions may apply if you will be engaging a student as an independent contractor.

*Update for applications for Spring 2022: The Government of Canada has confirmed updates to SWPP may be temporary and eligibility changes will be valid until April 30, 2022.

Information last updated August 3, 2021 

Did you know?

The Ontario Co-operative Education Tax Credit allows employers to claim 25% of eligible expenditures on salaries and wages (30% for small businesses). The maximum credit for each work placement is $3,000. Similar tax incentives are available in other provinces. 

Student Work Placement Program. Learn more. Tax credit and incentivesSummer funding for small businesses funding for small businessesGreen funding opportunities Research grants and funding

Consultation is completely free. We can help you by:

  1. matching you up with the right funding options
  2. providing you with up-to-date info
  3. getting you ready to hire from Waterloo
  4. answer any questions you have related to various funding opportunities
If you already hire co-op students from Waterloo, please connect with your Account Services Team if you have any questions about funding. Simply click the “send a message” button after logging into WaterlooWorks.

Stay up-to-date about funding opportunities!

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