If you hire a student to work 35 hours a week at $18.50 for 16 weeks, normally, your total cost for wages would be $10.080.
but with SWPP, your total cost would be $2,580
Government of Canada's Student Work Placement Program (SWPP)
As part of the Government of Canada's Student Work Placement Program (SWPP), a variety of funding opportunities are available for employers to hire students for the purpose of experiential learning.
You may be eligible to receive up to $7,500 in wage subsidies!
This funding is being administered by Employment and Social Development Canada (ESDC) through 10 delivery partners
Important Updates: SWPP funding has become temporarily more flexible.
In response to the COVID-19 pandemic, the Government of Canada has made temporary changes to the Student Work Placement Program (SWPP) to make accessing funding easier, provide you with more flexibility and allow you to hire more students! These changes will be valid until March 31, 2021.
If you didn't qualify for funding before, you should consider it now! You may qualify for up to 75% in wage subsidies (to a max. of $7500) per co-op student you hire.
You may also consider using SWPP to hire more co-op students to assist with new projects and changes due to COVID-19. As an example, accessing funding through SWPP may provide you with the financial flexibility to hire four co-op students with the budget normally required for one.
SWPP eligibility changes (valid until March 31, 2021):
Note: some exceptions may apply if you will be engaging a student as an independent contractor.
Contact Bill Stewart for more information with SWPP