Ontario co-operative education tax credit

You can claim this credit if you are a corporation that provided a qualifying work placement at a permanent establishment in Ontario for a student enrolled in a qualifying post-secondary co-operative education program.

The credit is equal to an eligible percentage (25% to 30%) of the eligible expenditures incurred by the corporation for a qualifying work placement. The maximum credit for each qualifying work placement is $3,000.


To be a qualifying work placement, the work placement must meet all of the following conditions:

Eligible expenditures are equal to the following amounts:

Claiming the credit

File a completed Schedule 550, Ontario Co-operative Education Tax Credit, with your return. Keep a copy of the letter of certification from the eligible educational institution in Ontario to support your claim.

The letter of certification must contain:

For more information on the credit, see the schedule and section 88 of the Taxation Act, 2007 (Ontario).

On line 452 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the refundable credit you are claiming.

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