What is the Magnet Student Work Placement Program?

The Magnet Student Work Placement program brings together employers, students, and post-secondary school stakeholders to create quality work-integrated learning (WIL) opportunities.

The program provides employers with wage subsidies to hire post-secondary students for paid work experiences. Students in turn benefit with quality work experience so they can secure employment in their chosen fields of study.

The program is expected to generate up to 20,000 paid student work placements yearly across Canada by 2021-22.

Employer applications are now being accepted.

How the Program Works

The program is delivered by Magnet along with a range of recognized associations and organizations who represent key industries and sectors in Canada.

Together, they partner with colleges, universities, polytechnics and CEGEPs to:

  • Provide wage subsidies to employers that offer quality student work placements
  • Create recruitment opportunities to match students to the right placements
  • Convene educators and employers to help align PSE curricula to the skills needs of industry

Wage Subsidy Overview

Program funding covers eligible employers for:

  • 50% of the wages (to a maximum of $5,000) for each net new placement.
  • 70% of the wages (to a maximum of $7,000) for each net new placement for under-represented groups including women in STEM, Indigenous students, newcomers, and persons with disabilities, as well as first-year students.

Program Eligibility

Employers

  • Registered, Canadian business or not-for-profit
  • Federal, Provincial, Territorial and Municipal Government does not qualify
  • Are committed to paying the student for the role
  • Are willing to provide a quality learning experience to a PSE student.
  • Has the financial capacity to pay the student for the duration of the placement in full (the wage subsidy will be administered after receiving the final pay stub at the end of the placement)

 

Students

  • Registered as a domestic student in a recognized Canadian post-secondary institution
  • Canadian citizens, permanent residents, or persons to whom refugee protection has been conferred under the Immigration and Refugee Protection Act
  • Legally entitled to work in Canada in accordance with relevant provincial or territorial legislation and regulations
  • Must have a work-integrated learning component within their study plan
  • Can be in a full- or part-time program
  • Can be from any program of study (i.e. STEM, business, arts, etc)

 

Placements

  • Positions must be net new to qualify for SWP funding (for example, incremental positions over and above what employers were able to hire last year at the same time)
  • Full-time or part-time positions
  • Stacking with provincial tax credits is allowed, but it’s the employer’s responsibility to follow their provincial tax credit guidelines and consult a tax professional. Please note, wage subsidy funds cannot be counted toward any tax credits, only actual paid wages.
  • Partial government funds are permitted but only funds from non-governmental sources can be subsidized under this program (for example, a position paid with 60% provincial grant funding is only eligible for a subsidy on the 40% of the non-governmental funds from the employer).

Contact us for more information

For employers interested in participating in the program, you...

Have hired a student or you’re about to hire one
Can meet the eligibility criteria below
Submit an employer application

Contact us for more information

How the Program Works

The program is delivered by Magnet along with a range of recognized associations and organizations who represent key industries and sectors in Canada.

Together, they partner with colleges, universities, polytechnics and CEGEPs to:

  • Provide wage subsidies to employers that offer quality student work placements
  • Create recruitment opportunities to match students to the right placements

Wage Subsidy Overview

All interested students will have access to placements – there are no fees, preferred status, or Memorandum of Understanding with institutions is required for their participation. Program funding will cover employers for:

  • 50% of the wages (to a maximum of $5,000) for each net new placement.
  • 70% of the wages (to a maximum of $7,000) for each net new placement for under-represented groups including women in STEM, Indigenous students, newcomers, and persons with disabilities, as well as first-year students.

Program Eligibility

Employers

  • Registered, Canadian business or not-for-profit
  • Federal, Provincial, Territorial and Municipal Government does not qualify
  • Are committed to paying the student for the role
  • Are willing to provide a quality learning experience to a PSE student.

 

Students

  • Registered as a domestic student in a recognized post-secondary institution
  • Canadian citizens, permanent residents, or persons to whom refugee protection has been conferred under the Immigration and Refugee Protection Act2
  • Legally entitled to work in Canada in accordance with relevant provincial or territorial legislation and regulations
  • Must have a work-integrated learning component within their study plan
  • Can be in a full- or part-time program
  • Can be from any program of study (i.e. STEM, business, arts, etc)

 

Placements

  • Positions must be net new to qualify for SWP funding (for example, incremental positions over and above what employers were able to hire last year at the same time)
  • Full-time or part-time positions
  • Stacking with provincial tax credits is allowed, but it’s the employer’s responsibility to follow their provincial tax credit guidelines and consult a tax professional. Please note, wage subsidy funds cannot be counted toward any tax credits, only actual paid wages.
  • Partial government funds are permitted but only funds from non-governmental sources can be subsidized under this program (for example, a position paid with 60% provincial grant funding is only eligible for a subsidy on the 40% of the non-governmental funds from the employer).

Contact us for more information

Have students eligible for funding?

Contact us today to discuss program funding for your students and employer partners.

What is a Wage Subsidy?

A wage subsidy provides financial reimbursement to employers who hire eligible job seekers.

What is WIL (work-integrated learning)?

As defined by Co-operative Education and Work-Integrated Learning Canada, work-integrated learning (WIL) is a model and process of curricular experiential education which formally and intentionally integrates a student’s academic studies within a workplace or practice setting.

Work Integrated learning opportunities that are eligible for Student Work Placement wage subsidies include, but are not limited to:

  • mentorship programs
  • co-op placements
  • practicums
  • applied research projects; and
  • internships

WIL experiences include an engaged partnership of at least: an academic institution, a host organization and a student. WIL can occur at the course or program level and includes the development of learning outcomes related to employability, personal agency and life-long learning.

How are First Year Students defined?

First Year Students are defined as students registered in the first year of their program at a recognized post-secondary institution.

Who are under-represented groups?

Students from under-represented groups include:

Women in STEM: refers to a woman registered and studying in science, technology, engineering, and mathematics (STEM).

Indigenous People: refers to people who reported identifying with at least one Aboriginal group, that is, First Nations, Métis or Inuit, and/or those who reported being a Treaty Indian or a Registered Indian as defined by the Indian Act of Canada, and/or those who reported they were members of an Indian band or First Nation.

Persons with disabilities: refers to an individual who has a difficulty or impairment due to a long-term condition or health problem and/or experiences a limitation in their daily activities.

Newcomer: refers to immigrants who immigrated to Canada within the last five years.

Learn more about the Student Work Placement wage subsidy program