WebThe tax credit is per eligible work placement and there is no cap. If organization decides to hire for an eight-month work term, or two students for four-month work terms, both would be considered as two work placements and would be eligible for a total tax credit of up to $6,000. Any Ontario employer hiring students from a post-secondary co-op ... WebIf you hire an apprentice to work in a Red Seal Trade, you may qualify for a tax credit to …

2024 Ontario Budget Annex

WebThe Cooperative Education Tax Credit (CETC) is an Ontario tax credit that is available to employers of students from many co-op and internship programs. The credit can total as much as $3,000 per student per paid work term. For more information about the tax credit and eligibility, please visit the following websites: WebYou can also transfer 5000 credits to a parent if you cannot use it yourself. The credits are worth the tuition amount multiplied by the lowest federal and provincial tax rate. So $5000 tuition will result in a tax reduction of $750 for federal income tax. The amount it is worth for provincial tax depends on the provincial tax rate and whether ... ions are described by charges because

6 tax credits and deductions that can save students (and their …

WebFor Ontario employers who are willing to help students gain valuable work experience, the Government of Ontario provides the Ontario Co-operative Education Tax Credit.. To be eligible an employer must be an Ontario-based business that hires student(s) enrolled in a post-secondary co-operative education program at an Ontario college or university. WebOur 30+ co-op programs span most sectors and students are available for paid work terms of 4 to 12 months each semester (January, May, … Web21 de jan. de 2024 · Students: Put more money in your pocket with benefits and credits! … on the face of it english