Businesses that hire Laurier Co-op students may be eligible to receive a tax credit. The Ontario government’s Co-operative Education Tax Credit will reimburse a business for 25% to30% of eligible costs, up to $3,000 per co-op student. For more information about the tax credit, please read a bulletin providing general guidelines on the co-operative education tax credit. The bulletin is available as a web page or as a pdf. Please note that all co-op programs at Laurier except Arts Co-op and Science Co-op are eligible for the tax credit. The Canadian Revenue Agency administers the tax credit on behalf of the Ontario Ministry of Revenue. For general tax enquiries regarding this tax credit, taxpayers may telephone Canada Revenue Agency at 1 800 959-5525. Once you have hired a Laurier Co-op student, you will find on Navigator a letter to use as a tax receipt when claiming the tax credit.
|
