Canadian Grants for Small and Medium Enterprises

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Co-op Education Tax Credit (CETC) http://www.sse.gov.on.ca/medt/investinontario/en/Pages/government_program_details.aspx?pID=191

  • Refundable tax credit for businesses hiring students enrolled in a recognized post-secondary co-operative education program.


NRC-IRAP Youth Employment Program (YEP) http://www.sse.gov.on.ca/medt/investinontario/en/Pages/government_program_details.aspx?pID=163

  • SMEs are provided with financial assistance to hire highly skilled post-secondary graduates, who work on innovative projects within the SME environment and may participate in research, development and commercialization of technologies.


Ontario Interactive Digital Media Tax Credit – Ontario Media Development Corp http://www.sse.gov.on.ca/medt/investinontario/en/Pages/government_program_details.aspx?pID=47

  • OIDMTC is 40% of eligible Ontario labour expenditures and eligible marketing and distribution expenses (capped at $100,000 per eligible product)


Ontario Summer Jobs Service http://www.sse.gov.on.ca/medt/investinontario/en/Pages/government_program_details.aspx?pID=53

  • Employers advertise job openings with walk-in self-directed employment resource centres, wage support of $2 per hour for jobs up to 16 weeks during the summer
  • Program operates between April and September


Small Business Internship Program (SBIP) – Industry Canada http://www.sse.gov.on.ca/medt/investinontario/en/Pages/government_program_details.aspx?pID=274, http://www.ic.gc.ca/eic/site/sbip-pspe.nsf/eng/home

  • SBIP helps SMEs go beyond email or an internet site by enabling them to adopt an active e-business strategy to grow their businesses
  • Eligible projects involve e-commerce and information and communications technologies that will increase the productivity and competitiveness of the business
  • Eligible intern must be a post-secondary student
  • Duration of the internship is 12 weeks (420 hours) or full-time employment
  • Government of Canada will reimburse 75% of eligible salary and benefits up to a total of $10,000 at the end of the 12-week internship
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