CCAA — Student Work Placement Program ### 📋 Eligible Entities - Private sector businesses and corporations - Small and medium-sized enterprises (SMEs) - Organizations across all industries willing to hire post-secondary students - Employers must be registered Canadian businesses in good standing - Both for-profit and not-for-profit organizations may be eligible (subject to program terms) ### 💰 Funding Details - Subsidy Rate: Up to 70% of eligible placement wages - Maximum Per Placement: $7,000 per student work term - Nature: Non-repayable wage subsidy grant - Multiple Placements: Employers may hire multiple students, with each placement eligible for the full $7,000 subsidy - Payment Structure: Subsidy covers employer's portion of wages; employer responsible for remaining 30% of costs ### 🛠️ Approved Expenses - Student wages during the work term placement - Eligible employment costs directly tied to the student's salary - Wages must be paid to post-secondary students in STEM fields: - Science - Technology - Engineering - Mathematics (MATH) - Business program students also eligible - Wages for the duration of the approved work placement term ### ⚠️ Conditions & Milestones - Student must be enrolled in or recently graduated from a recognized post-secondary institution - Placement must be in an approved STEM or business program - Employer must commit to hiring the student for a defined work term - Program prioritizes first-time or entry-level placements - Employer responsible for 30% of wage costs (cost-sharing requirement) - Student must meet program eligibility criteria set by the administering body - Funds must be claimed following completion of the work term with documentation - Maximum coverage applies to first placements (subsequent placements may have different terms)