Canada Summer Jobs (CSJ) is one of Canada’s largest wage subsidy programs, which provides 50% to 100% of an employee’s minimum wage during full-time employment from 6 to 16 weeks. By the end of each winter, there is no funding left for this program because it is extremely popular. Most employers don’t realize until too late that they must apply in December or January, based on their available positions and candidates.
If you’re looking to hire a youth during this season but missed the application window for CSJ, there are still a ton of Canadian federal and provincial wage subsidies you can apply for.
Therefore, we’ve outlined the remaining top wage subsidy, grant, and tax credit programs in this article which can go towards a business’s labor costs for eligible positions and projects.
Top Wage subsidies
Career-Ready with CTMA: Expanding Opportunities – Ontario Only
Mentor Works and the Canadian Tool & Machine Association (CTMA) offer wage subsidies for youth hires in advanced manufacturing, tooling, precision machining, and other related fields. In this unique wage subsidy program, businesses receive up to $5,000 in wage subsidies, while applicants receive free application assistance from Mentor Works writers.
- Funding Amount: 50% of the candidates’ wages paid to a maximum of $5,000 per 10-16-week placement.
- Eligible Applicants: Is an Ontario business that is licensed to operate and provide training within the province. Career-Ready with CTMA supports employers in building a talent pipeline by introducing participants to careers in the precision metalworking sector.
IRAP Youth Employment Program (YEP) – Canada-Wide
The Youth Employment Program (YEP) may allow your business to hire young Canadians with post-secondary degrees who are conducting innovative research and development. Several factors can be used to determine funding for graduates, including business development, technology advancement, customer service, or administrative effort. Learn more about what YEP defines as an eligible R&D project.
- Funding Amount: Provides up to $30,000 per graduate (up to two) for a period of 6 to 12 months.
- Applicant Eligibility: Is an incorporated and financially stable Canadian business with less than 500 employees. Applicants should find their own graduates before applying. Candidates must be between 15 to 30 years old.
Mitacs Accelerate Program – Canada-Wide
Small businesses working with Mitacs Accelerate are matched with internships with master’s, doctorate, or postdoctoral degrees (PDF) to solve innovation challenges. Tools, models, technologies, and solutions are developed in support of small businesses as a result of research.
- Funding Amount: Up to 75% of funds to $15,000 for every business contribution of $7,500 per 4–6-month internship unit.
- Eligible Applicants: Businesses, corporations, and pre-assessed non-profits throughout Canada. All industries and sectors are supported; preference is given to research and development projects in innovation.
APPLY FOR MANUFACTURING GRANTS, LOANS, AND TAX CREDITS
As soon as new wage subsidies are announced that apply to their business, we notify our clients. To have Mentor Works write and apply for your grant, loan, or tax application, get in touch with our professional government funding application writing team.
Never miss a government funding program application window by learning at what points throughout the year should your business be on the lookout for funding application windows.
Mentor Works is a business support organization specializing in Canadian government funding. The Ontario-based business has helped hundreds of businesses build and execute their funding strategy through a mix of federal and provincial government grants, loans, and tax credits. Mentor Works offers free online resources, funding webinars, and news via their website at www.mentorworks.ca.
Author: Nathan Chick