There are a number of programs designed to offer financial relief to employers who hire current students or recent graduates. The list below is not comprehensive, but may help to point you in the right direction.
Co-operative Education Tax Credit (CETC)
Queen’s University’s co-operative education program through internship (QUIP) qualifies for the Government of Ontario’s Co-operative Education Tax Credit (CETC). If you are an Ontario-based employer you may be able to reduce your overall employment costs.
For more information about hiring student interns, visit the QUIP website.
For more information about the Co-Operative Education Tax Credit visit the Ontario Ministry of Finance.
*This Ontario Ministry of Finance page contains a link to the Co-operative Education Tax Credit. When you arrive at the Ministry site, browse the list for this tax credit and click.
Graduate Transitions Tax Credit
Provided by the Ontario government, this tax credit encourages businesses to provide work opportunities to unemployed post-secondary graduates. For more information visit the Ministry of Finance website.
Canada Summer Jobs
Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees to create summer job opportunities for young people aged 15 to 30 years who are full-time students intending to return to their studies in the next school year.
Application forms for Summer Career Placements are available at your local Service Canada Youth Centre office. Employers are encouraged to use their local office to hire their student employees. Deadline is usually in early April. For information about the program in Kingston, contact the Service Canada Youth Centre office at 299 Concession Street, Kingston, Ontario 613-545-8976.
More Federal Government Wage Subsidies & Assistance Programs
The federal government offers wage subsidies and assistance programs, such as the Youth Employment Program, the Opportunities Fund for Persons With Disabilities, the Apprenticeship Job Creation Tax Credit, and more. Directories can be found on the federal government website, here and on the Canada Business Ontario website, here.
Provincial Government Hiring Incentives for Employers
Provincial government tax incentives, funding, and programs for hiring young people are highlighted on the Government of Ontario website here.
Work Study Program
The Work Study Program at Queen’s University is a financial aid service designed to assist students to find part-time work on campus. Most employers are university faculty or staff, however, non-profit organizations off campus may now also be eligible for this program. For information on how much you pay, how much the program pays, how to post a job and more, see the Work Study website.
Career Focus Biotechnology Wage Subsidy Program
The Biotechnology Human Resource Council (BHRC) is pleased to announce the launch of a new wage subsidy program, Career Focus, funded by the Government of Canada’s Youth Employment Strategy (YES). The program is designed to provide valuable work experience in the sector for young people aged 30 or under who are unemployed or underemployed. The project is an initiative that provides cash incentives to industries for the creation of employment opportunities for new graduates in biotechnology. The core offering of the program is a wage subsidy that offsets part of the cost of staffing a new biotech position.
Subsidies will cover approximately one third of salaries paid out to participants for a minimum 6-month period ($10,635 maximum subsidy for a 12-month period). Claire Thifault, Executive Director of BHRC shares, "The great strength of the program is that it allows employees to get out of the vicious circle of ’no experience, no job/no job, no experience’ and give their careers a head start."
Many companies have been pleasantly surprised at how quickly a recent graduate can become an integral part of their workforce. Candidates bring new ideas, energy and exuberance to their jobs and work very hard to prove themselves and make a contribution to the company. As Eddie Johnson from Cedarlane Laboratories states, their organization was "able to hire someone with the appropriate qualifications without having the initial high salary costs. This is the third time we have used this program.
Each time, we have had an excellent employee who was able to more than fulfill their duties." Biophage is a biotechnology company with limited financial resources. However, thanks to the financial support provided by the Biotechnology Human Resource Council (BHRC) in recent years, it has been able to forge ahead with its development plan and create new jobs in the technology field. We owe BHRC a great debt of thanks", declared Lucie St-Georges, VP and CFO of Biophage Pharma Inc.
Space in this program is limited! If you are interested in participating, please contact Erica Phillips-Posner as soon as possible at firstname.lastname@example.org or (613) 235-1402 ext. 617.
For more information on the Career Focus program, visit BHRC’s website.