Ontario’s co-op credit is 25% to 30% of co-op wages, up to $3,000 a placement, on the wages left after any other wage subsidy. It is claimed on your tax return with the school’s certification letter.
A 16-week co-op term at $22 an hour
| Your situation | Credit |
|---|---|
| Payroll $400K or less (30%)no other wage subsidy | $3,000 |
| Payroll $400K or less (30%)with the Student Work Placement Program paying $4,620 | $2,310 |
| Payroll $600K or more (25%)no other wage subsidy | $3,000 |
| Payroll $600K or more (25%)with the Student Work Placement Program paying $4,620 | $1,925 |
$22.00 × 35 h × 16 weeks = $12,320 in wages. The rate is set by last year’s Ontario payroll; between $400K and $600K it slides from 30% to 25%.
Hiring money is one corner of it. What else does your business qualify for?
Grants, tax credits and loans are matched on your business, not on who you hire. The eligibility map checks 850+ programs and ranks what fits.
Questions owners ask
Does the Student Work Placement Program reduce the Ontario co-op credit?
Yes. The subsidy amount comes off the eligible wages first, and the credit is worked out on what is left.
How long must the placement be?
At least 10 consecutive weeks for a regular co-op term, or 8 to 16 consecutive months for a co-op internship, in a formally approved post-secondary co-op program.
The full calculator checks all 32 hiring programmes at once: hiring subsidy calculator.