Talent Placement Program — Practical Internship Program for Students ### 📋 Eligible Entities - For-profit businesses (all sizes and sectors) - Non-profit organizations - Social enterprises - Educational institutions (as host employers) - Businesses must be legally registered in Canada - Employers must have a valid business account and be in good standing with tax authorities ### 💰 Funding Details - Standard subsidy: Up to $5,000 per student (covers up to 50% of salary costs) - Enhanced subsidy: Up to $7,000 per student (covers up to 70% of salary costs) for students from underrepresented groups - Non-repayable grant (no repayment obligation) - Per-student cap: Maximum funding amount per placement as stated above - Multiple placements: Organizations may place multiple students (subject to program availability) - Employer covers remaining wage costs (50% or 30% depending on subsidy level) ### 🛠️ Approved Expenses - Student wages/salaries during the internship period - Employment-related payroll deductions (CPP, EI, income tax withholdings) - Internship duration: Typically 8-12 weeks (subject to program guidelines) - Funds support practical work experience aligned with student education ### ⚠️ Conditions & Milestones - Student eligibility: Must be enrolled full-time in post-secondary education or recent graduate - Underrepresented groups designation: Required to access the $7,000 enhanced subsidy tier - Job creation requirement: Position must offer genuine practical learning experience - Employer compliance: Must maintain proper employment records and documentation - Funding agreement: Formal agreement must be signed before student placement begins - Reporting obligations: Regular progress reports and internship completion documentation required - Wage compliance: Wages must meet or exceed provincial/territorial minimum wage standards - Timeline: Internship must be completed within specified program period (dates vary by intake)