Tax Credit Information

Ontario Co-operative Education Tax Credit offers up to $3,000 of a tax credit to qualifying employers for each four month work term.

Click here to learn more about the Ontario Co-operative Education Tax Credit. 

Scientific Research and Experimental Development (SR&ED) program - Generally, a Canadian-controlled private corporation (CCPC) can earn an investment tax credit (ITC) of 35% up to the first $3 million of qualified expenditures for SR&ED carried out in Canada, and 20% on any excess amount. Other Canadian corporations, proprietorships, partnerships, and trusts can earn an ITC of 20% of qualified expenditures for SR&ED carried out in Canada.

Other sources of funding or tax credits that may interest your organization:

Achieving Innovation Manufacturing Excellence (AIME) Initiative

Canada Summer Jobs 

Canadian Manufacturers & Exporters, SMART Prosperity Now

Eastern Ontario Development Fund

Mitacs (national, not-for-profit research organization) 

National Research Council of Canada, Industrial Research Assistance Program 

NextGen Biofuels Fund 

Northern Scientific Training Grants Program 

Ontario Innovation Tax Credit

Ontario Interactive Digital Media Tax Credit

Rural Economic Development Program

*Note: Please be advised that Co-operative Education Tax Credit Letters are sent to employers at the end of each completed work term.