Student Work Placement Program
Highlights
This program is designed for businesses like yours to benefit from hiring post-secondary students. By participating, you can receive up to $5,000 for each student you hire. If you hire students from under-represented groups, such as women in STEM, persons with disabilities, newcomers, Indigenous students, or visible minorities, you can receive up to $7,000 per student.
Why should you apply?
- Financial Support: Significant wage subsidies reduce your hiring costs.
- Talent Acquisition: Access to a pool of motivated and educated students.
- Diversity and Inclusion: Encourages a diverse workforce, enhancing innovation and perspectives.
What’s in it for you?
- Cost Savings: Lower your payroll expenses with government-backed subsidies.
- Business Growth: Fresh ideas and skills from students can drive your business forward.
- Easy Application: Multiple funding recipients make the process straightforward.
This program offers a unique opportunity to grow your business while supporting the next generation of professionals.
Financing Details
Type of Financing: Wage Subsidy
Subsidy Amount:
- Up to $5,000 for each student hired.
- Up to $7,000 for each student hired who is in their first year or from an under-represented group, including:
- Women in STEM
- Persons with disabilities
- Newcomers
- Indigenous students
- Visible minorities
Eligible Expenses:
- Wages for post-secondary students hired through the program.
Use of Funds:
- Funds can be used to subsidize the wages of post-secondary students hired by your business.
Restrictions:
- Funds cannot be used for expenses unrelated to the wages of the hired students.
Fees:
- There are no fees associated with applying for or receiving this wage subsidy.
Qualifications
- Must be an employer looking to hire post-secondary students.
Must be located in Canada.
Disqualifications:
- None specified in the provided context.
Description
Through this program, your business can receive up to $5,000 for every post-secondary student you hire. If you hire a student in their first year or from an under-represented group, you can get up to $7,000. These groups include women in STEM, persons with disabilities, newcomers, Indigenous students, and visible minorities.
This money can help you cover the wages of the students you hire. It reduces your costs and allows you to bring fresh talent into your business. You can use this support to fill temporary roles, complete special projects, or bring in new perspectives.
There are no payback conditions for this subsidy. It’s a straightforward way to get financial help while giving students valuable work experience. This program is a great opportunity to grow your business and support the next generation of workers.
Program Steps
Choose a Funding Recipient: Select one of the approved funding recipients to apply through. Options include Technation, Information and Communications Technology Council, Canadian Council for Aviation and Aerospace, ECO Canada, and others.
Create an Account: Visit the website of your chosen funding recipient and create an account if required.
Prepare Documentation: Gather the necessary documents for your application. You will need:
- Business registration details
- Proof of business operations
- Financial statements
- Job descriptions for the positions you plan to fill
- Details about the students you intend to hire (if available)
Complete the Application Form: Fill out the application form provided by the funding recipient. Ensure all required fields are completed accurately.
Submit the Application: Upload the prepared documents and submit your application through the funding recipient’s online portal.
Await Confirmation: Wait for confirmation from the funding recipient regarding the status of your application. They may request additional information or clarification.
Hire Students: Once approved, proceed with hiring the students as per the program guidelines.
Submit Claims for Wage Subsidies: After hiring, submit claims for wage subsidies through the funding recipient’s portal, providing proof of employment and wages paid.
Maintain Records: Keep detailed records of all transactions and communications related to the program for future reference and compliance checks.