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. [1]
*Note: Please be advised that Co-operative Education Tax Credit Letters are sent to employers at the end of each completed work term.
Scientific Research and Experimental Development (SR&ED) program [2]- 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.