Ontario Co-operative Education Tax Credit
Ontario Ministry of Finance / Canada Revenue Agency
Up to $3K
30% of eligible expenditures if prior-year payroll is $400,000 or less, 25% if $600,000 or more (formula in between); maximum $3,000 per work placement
Refundable credit for employers that hire post-secondary co-op students in qualifying work placements.
Open the official page ↗How to apply
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Who qualifies
Corporations or unincorporated businesses with a permanent establishment in Ontario paying Ontario corporate or personal income tax. Student must be enrolled in an eligible Ontario institution's qualifying co-op program; placement is developed or approved by the institution, paid, productive work, typically at least 10 consecutive weeks (internships 8 to 16 consecutive months).
Good to know
- Funding: Rate 25%-30% depending on previous-year payroll.
- Cost share: 30% of eligible costs
- Notes: Quote is from the fetch tool's summary of the page (page updated Nov 12, 2025).
Evidence from the official page
- amount“The maximum credit for each work placement is $3,000.” source ↗
Verified 2026-10-07 · Medium confidence. Always confirm on the official page before applying.