The government of Ontario encourages businesses to provide students and young workers with on-the-job experience through the Co-operative Education Tax Credit. This credit provides an incentive for accountants and accounting firms that want to attract fresh talent while potentially reducing their overall annual tax payment.
Integrating new workers with recent educational credentials into your accounting practice benefits not only students but your firm as well. The Co-operative Education Tax Credit provides corporations, unincorporated individuals, and small businesses with the means to network with an emerging workforce and help impart valuable knowledge about the accounting field. If you’re an accountant based in Ontario, consider connecting your business with an eligible postsecondary institute to take advantage of the credit.