Co-operative Education Tax Credit
Note: These are intended as guidelines only and are not intended to replace the current tax legislation.
The Co-operative Education Tax Credit (CETC) is a refundable tax credit available to you, as the employer, who hires students enrolled in a recognized Ontario university post-secondary co-operative education program.
The Canada Revenue Agency (CRA) administers the program on behalf of Ontario through the federal income tax system.
Our WIL programs that are eligible for Co-operative Education Tax Credit can be found here
Eligibility
To be a qualifying work placement, the work placement must meet all of the following conditions:
- the student must perform employment duties for a corporation under a qualifying co-operative education program;
- the placement must be developed or approved by an eligible educational institution as a suitable learning situation;
- the terms of the placement must require the student to engage in productive work;
- the placement must be for a period of at least 10 consecutive weeks except, in the case of an internship program, the placement cannot be less than 8 consecutive months and not more than 16 consecutive months;
- the corporation must supervise and evaluate the job performance of the student;
- the institution must monitor the student's performance in the placement;
- the institution must certify the placement as a qualifying work placement; and
- the student must be paid for the work performed.
For more information visit the Ministry of Finance website.
