Paid Work Experience Tax Credits (PWETC) – Co-Op Student | Government of Manitoba

Value: 15% of wages paid, to a lifetime maximum of $5,000 per student, for the placement of post-secondary co-op program students (10 percent of wages paid up to $1,000 per placement for tax years ending in 2015 or earlier).

Description:

The Paid Work Experience Tax Credits (PWETC) is a group of programs that provide incentives to employers who offer work experiences to qualified students, graduates, apprentices and recently certified journeypersons.  There is no limit on the number of employees hired.

All components of this program are refundable tax credits, claimed on the employer’s tax return, available to those who hire:

Youth Work Experience high school students

Co-op students for work placements as part of a recognized college or university program

Recent graduates of co-op education programs

Apprentices (including high school apprentices)

Recently certified journeypersons

Eligibility:

Eligible employers include: private companies, co-operatives, crown corporations, municipally-owned businesses, non-profit organizations; and unincorporated employers

Employer wage costs do not include other government assistance

Work must be performed primarily in Manitoba

The employer must reside in or have a permanent establishment in Manitoba

The work placement must for a term of at least 10 consecutive weeks

The student must be employed on a full-time basis (at least 35 hours a week)

The work performed must be related to the student’s co-operative education program

There is no limit to the number of co-op students for any one employer but the program is limited to five work placements per student or once the $5,000 maximum is reached for that student

The co-operative education program must be registered with the Advanced Learning and Education

Other government assistance received or receivable is subtracted from the eligible wages paid

Contact: Manitoba Tax Assistance Office | 204-948-2115 | tao@gov.mb.ca

Website: http://www.entrepreneurshipmanitoba.ca/financial-programs/442/co-op-education-and-apprenticeship-tax-credits-mb

By | 2018-08-07T02:13:52+00:00 August 2nd, 2018|Categories: Grants|0 Comments

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