Magnet — Student Work Placement Program Canada

Magnet — Student Work Placement Program

Money to hire students for work-integrated learning

At a glance

Eligible Funding
  • Max. $7,000
  • 70% of project cost
Timeline
  • Open Date : November 14, 2019
  • Closing date : December 04, 2023
Financing Type
Wage Subsidies And Interns
Eligible Industries
  • All industries
Grant Providers
  • Magnet
Status
Closed

Overview

Get a wage subsidy to cover up to 70% of the costs of a work-integrated learning placement, to a maximum of $7,000 per placement, when you hire an eligible post-secondary student.

Eligibility criteria

The eligibility criteria for this grant include:

  • Employers must be a registered Canadian business or not-for-profit.
  • Students must be registered as a domestic student in a recognized post-secondary institution.
  • Placements must meet requirements of a net new placement as defined by Employment and Social Development Canada.

Who is eligible

Eligible types of companies for this grant must be a Registered, Canadian business or not-for-profit.

  • Registered, Canadian businesses
  • Not-for-profit organizations

Who is not eligible

Some types of companies are not eligible for the Student Work Placement Program grant. These include, but are not limited to:

  • Federal, Provincial, Territorial, and Municipal Government
  • Hospitals and public long-term care facilities
  • Crown Corporations
  • Post-Secondary Institutions (PSIs)
  • Financial institutions
  • Non-secular institutions*

Eligible projects & activities

There are eligible activities for this grant:

  • Co-op placements
  • Practicums
  • Applied research projects
  • Internships

Eligible geographic areas

  • Ontario
  • Quebec
  • British Columbia
  • Alberta

Evaluation & selection criteria

Evaluation and selection criteria for the Student Work Placement Program grant are:

  • Demonstrated commitment to providing quality work-integrated learning experiences
  • Financial capacity to pay the student for the duration of the placement
  • Compliance with federal and provincial legislation and standards
  • Recognition of placement as work-integrated learning

How to apply

  • Step 1: Check Eligibility Criteria
  • Content: Review the eligibility requirements for employers, students, and placements.
  • Implications: Ensure that your business, student, and placement meet the necessary criteria to qualify for the grant.
  • Step 2: Prepare Required Documentation
  • Content: Gather all the necessary documentation, such as proof of student registration and workplace insurance coverage.
  • Implications: Having the required paperwork ready will streamline the application process.
  • Step 3: Submit Application
  • Content: Complete and submit the application for the Student Work Placement Program.
  • Implications: Your application will be reviewed based on the provided information and eligibility criteria.

Additional information

Here is a short summary of miscellaneous information about the grant:

  • The subsidy can be combined with partial provincial funding but not with federal funding programs.
  • Employers must follow provincial tax credit guidelines when stacking with provincial tax credits.
  • Employers are responsible for workplace safety and insurance coverage.
  • The program is administered on a first-come, first-served basis.

Documents and links

Magnet — Student Work Placement Program

Apply to this program