Crédit d’impôt pour stage en milieu de travail à l’égard d’un étudiant inscrit à temps plein dans un établissement d’enseignement reconnu (Tax Credit for an On-the-Job Training Period: Student Enrolled Full-time at a Recognized Educational institution)

By mmuise
Description:

This tax credit is intended for employers if they incurred qualified expenditures respecting a trainee (student) serving a qualified training period with a business that they carry on or that the partnership of which they are a member carries on.


Comments on Funding:

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Deadline: Rolling deadline
Eligibility:

Applicants must meet all of the following requirements:

  • have incurred qualified expenditures in respect of a student trainee enrolled full-time in a secondary, college or university (undergraduate, master's or doctoral) education program, or a prescribed program, offered by a recognized educational institution and providing for one or more training periods totalling at least 140 hour;
  • have carried on a business in Québec and have an establishment in Québec;
  • have obtained, within six months after the end of the training period, form CO-102
  • 3
  • 10, Attestation de participation à un stage de formation admissible (see English courtesy translation CO-102
  • 3
  • 10-T), duly signed by a representative of the recognized educational institution.

    Applicants may also be entitled to the tax credit if the partnership of which they are members meet all of the following conditions:
  • It incurred qualified expenditures in respect of a student trainee enrolled full time in a secondary, college or university (undergraduate, master's or doctoral) education program, or a prescribed program, offered by a recognized educational institution and providing for one or more training periods totalling at least 140 hours;
  • It carries on a business in Québec and has an establishment in Québec;
  • It is not exempt from income tax;
  • It obtained, within six months after the end of the training period, form CO-102
  • 3
  • 10, Attestation de participation à un stage de formation admissible (see English courtesy translation CO-102
  • 3
  • 10-T), duly signed by a representative of the recognized educational institution.

    Note that the tax credit cannot be claimed by a trust if one of the trust's beneficiaries is a tax-exempt corporation.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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mmuise