Magnet — Student Work Placement Program
Magnet
Overview
Get a wage subsidy to cover up to 70% of the costs of a work-integrated learning placement, to a maximum of $7,000 per placement, when you hire an eligible post-secondary student.
At a glance
| Categories | wage subsidy |
|---|---|
| Funding | $7,000 (up to 70% of eligible costs) |
| Status | Accepting applications |
| Region | ALL |
| Sectors | general |
Eligibility and requirements
Money 50% of the wages (to a maximum of $5,000) for each net new placement 70% of the wages (to a maximum of $7,000) for each net new placement for under-represented groups. Note: Underrepresented groups include women in STEM, Indigenous students, newcomers, and persons with disabilities, visible minority as well as first-year students
How Mona Studio helps business owners use this program
Magnet — Student Work Placement Program is one of many Canadian funding options listed in our grant finder. Mona Studio helps general teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
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