CCAA — Student Work Placement Program
Highlights
This program is a fantastic opportunity for your business. It offers wage subsidies of up to 70% for each student work term placement, with a maximum of $5,000 for general placements and $7,000 for underrepresented categories. This financial support can significantly reduce your labor costs while bringing fresh talent into your organization.
What You Get:
- Substantial wage subsidies to lower your employment costs.
- Access to motivated students eager to gain experience in the aviation and aerospace sector.
- Partnership opportunities with post-secondary institutions to find the best candidates.
By participating, you not only gain financial benefits but also help shape the future workforce. The application process is straightforward, and approval is typically granted within 48 hours. This program is designed to be accessible and beneficial, making it easier for you to grow your business while supporting student development.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- This is a wage subsidy, so there are no repayment terms or interest rates.
Eligible Expenses:
- Up to 70% of the wage cost for each work term placement.
- Maximum subsidy of $5,000 per placement.
- Maximum subsidy of $7,000 per placement for underrepresented categories.
Use of Funds:
- Funds can be used to cover wages for student work placements.
Restrictions on Use of Funds:
- Funds cannot be used for wages already funded by another federal program.
- Operational costs funded by federal government grants cannot be used to pay for the students' salaries.
Fees:
- There are no fees associated with this program.
Qualifications
- Must be involved in the aviation/aerospace industry, either directly as an aviation/aerospace organization or indirectly as a supplier of goods and services for the aviation/aerospace industry.
- Must complete and sign the Employer Form.
- Must provide a company description, including the business number and webpage.
- Must provide proof of the student’s enrollment at a Canadian post-secondary education institution.
- Must provide the student’s job description.
- Must provide a working/learning plan for the student.
- Must provide a signed copy of the student’s employment contract, including start and end dates, full details of wages, and employment benefits, if applicable.
- Must confirm that the wages for the placement are not funded by another federal program (provincial, municipal, or other funds are acceptable).
- Must obtain approval from CCAA prior to the student's employment start date.
Must demonstrate a net increase in the number of student work placements compared to the previous year.
Disqualifications:
- Wages for the placement funded by another federal program.
- International students (persons using a Student VISA or Work Permit) are not eligible for SWPP funding.
Description
The Student Work Placement Program (SWPP) offers a great opportunity for your business to gain access to talented post-secondary students. By participating, you can receive wage subsidies of up to 70% of the wage cost for each work term placement. This means you could get up to $5,000 per placement and $7,000 for underrepresented categories.
This funding can be used to cover the wages of students working in your business, helping you manage costs while benefiting from fresh perspectives and skills. The program supports placements in various forms, including co-op placements, internships, and applied projects, which can address specific challenges in your business.
By partnering with post-secondary institutions, you can find students who are eager to gain real-world experience. This not only helps students prepare for their future careers but also allows your business to develop a pipeline of skilled workers. Investing in student placements now can lead to higher productivity and innovation in your business.
Program Steps
Complete the Employer Information Form:
- Fill out the online Employer Information Form to start the application process.
Prepare Required Documentation:
- Gather and prepare the following documents:
- Company description, including business number and webpage.
- Proof of the student’s enrollment at a Canadian post-secondary education institution.
- Student’s job description.
- Working/learning plan for the student.
- Signed copy of the student’s employment contract, including start and end dates, wage details, and employment benefits.
- Confirmation that the wages for the placement are not funded by another federal program.
- Gather and prepare the following documents:
Submit Documentation:
- Submit the prepared documents to support your application.
Confirm Student Placement:
- Ensure you have confirmed the placement with eligible student(s) before applying.
- If you are searching for students, join the online CCAA Job Matching service or partner with local PSE institutions.
Await Eligibility Assessment:
- CCAA will assess your eligibility criteria within 48 hours and contact you.
Sign Contract and Agree to Payment Schedule:
- Upon approval, sign a contract with CCAA and agree to a payment schedule.
Ensure Student Completes Their Form:
- Make sure the student completes their online Student Information Form. The names and email addresses on both forms must match.
Receive Approval Before Employment Start Date:
- Obtain approval from CCAA prior to the student's employment start date.