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Financial support


Wondering what to pay your co-op student? Click here for student earnings data.

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Top funding opportunities

Co-operative Education Tax Credit (CETC): 25-30 per cent tax credit, up to $3,000 per 12-16 week work term. For Ontario-based co-op employers.

Export Market Access: A Global Expansion Program: Grant coverage up to 50% of eligible costs. For operations at least two years old, with five to 500 employees and minimum annual sales totaling $500,000.

Industrial Undergraduate Research Assistance (NSERC): Awards $4,500 for a 12-16 week work term. For private companies that hire undergraduate researchers.

Northern Ontario Heritage Fund Corporation (NOHFC): List of programs that provide funding for existing and growing sectors in Northern Ontario.

OCE Smart Seed FundYoung entrepreneurs aged 18-29 from across the province of Ontario with technology or innovation based start-ups can earn up to $35,000 in funding.

Ontario Innovation Tax Credit (OITC): 10% refundable tax credit, up to $300,000 per year. For Ontario corporations that hire students for scientific research and experimental development.

National Research Council Canada Industrial Research Assistance Programs (NRC-IRAP): Up to $30,000 for a graduate student's salary. For Canadian manufacturing companies. (General IRAP funding webpage)

SMART Program: Assessment Funding for Northern Ontario Manufacturers:50% funding up to $50,000 per project. For small and medium-sized businesses.

SMART Program: Advanced Technologies for Global Growth: 35% funding of up to $100,000 per project. For eligible small and medium-sized exporting businesses.

Scientific Research and Experimental Development Program: 20-35% investment tax credits. For Canadian corporations that conduct scientific research and experimental development.

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More funding opportunities 

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Co-op funding opportunities outside Ontario         

Alberta

British Columbia

Manitoba

New Brunswick

Newfoundland

Nova Scotia​

Quebec​

​​Yukon

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​Funding opportunities for hiring regular stream students

If you have questions about any of the programs on the list, please contact the associated agency directly.

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