TABLE OF CONTENTS

1. Introduction
2. Subsidies
3. Tax Credits

1. Introduction

Although a grant or subsidy is only available for specific situations or industries, there are a number of government financing options available for Ontario entrepreneurs. The Financing for Starting a Business Info-Guideand the Financing for Established Businesses Info-Guide will provide you a useful overview of these financing options.

2. Subsidies

Young Canada Works

Young Canada Works is a program of the Department of Canadian Heritage that provides wage subsidies to help secondary and post-secondary students, college and university graduates gain access to hands-on work experience through summers jobs or internships.

For further information:
call 1-800-935-5555
visit the web site: Young Canada Works - Summer Jobs and Internships

Targeted Wage Subsidy Program

This program provides employers with a subsidy of wages to hire workers who face barriers to employment.

For further information:
visit the web site: Targeted Wage Subsidies Program
see the document Targeted Wage Subsidy Program

Summer Work Experience Program

The program helps employers/sponsors by providing them with wage subsidies if they hire secondary and post-secondary students for the summer in a career-related job. There are special provisions for employers who hire students with disabilities.

For further information:
call 1-800-935-5555
visit the web site: Summer Work Experience Program

Career Focus Program

Through this program employers/sponsors may hire recent graduates and receive a wage subsidy of up to a third of the participant's salary ($15,000 maximum).

For further information:
call 1-800-935-5555
visit the web site: Career Focus Program

Sectoral Career Focus Program

The Sectoral Career Focus Program offers wage-subsidies for graduates and Canadian employers.

For further information:
visit the web site: Sectoral Career Focus Program

NRCan Science and Technology Internship Program

This program helps employers hire recent graduates in science and engineering by partially funding salaries. Likewise, the program provides relevant and meaningful work experience to these graduates.

For further information:c
all 613-995-0947
visit the web site: Science and Technology Internship Program
see the document Science and Technology Internship Program

3. Tax Credits

Apprenticeship Job Creation Tax Credit

The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006.

For further information:
call 1-800-959-5525
visit the web site: Apprenticeship Job Creation Tax Credit

Co-operative Education Tax Credit (CETC)

CETC is a refundable tax credit paying out up to a maximum of $1,000 for each qualifying Ontario student placement, available to Ontario businesses hiring students enrolled in a recognized Ontario post-secondary co-operative education program.

For further information:
visit the web site: Co-operative Education Tax Credit (CETC)

Related Reading

• Financial Support - Science and Technology
• Non-Financial Support - Science and Technology
• Grants, Subsidies and Contributions Info-Guide
• Grants, Subsidies and Contributions - Arts and Media
• Grants, Subsidies and Contributions - Agriculture
• Grants, Subsidies and Contributions - Science and Technology
• Business Guides

Need more information?

Click: Canada Business
Call: The Business Info Line, a collaboration between ServiceOntario and Industry Canada, at 1-888-745-8888
Visit: Find a Community Partner Location near you

DISCLAIMERS

Information contained in this document is of a general nature only and is not intended to constitute advice for any specific situation. Users concerned about the reliability of the information should consult directly with the source, or seek legal counsel.

Some of the organizations listed above are not subject to the federal Official Languages Act or the French Language Services Act of Ontario. Their services may not be available in both official languages.