Magnet (Manufacturing Advocacy and Growth Network) – Magnet Student Work Placement Program (SWPP)

ByMaurice

Description:

The Magnet Student Work Placement Program (SWPP) provides employers with wage subsidies to hire post-secondary students for paid work experiences. Students in turn benefit with quality work experience so they can secure employment in their chosen fields of study.

Comments on Funding:

Funding is a wage subsidy of:

  • 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.

Eligibility:

Student eligibility criteria:

  • Registered as a domestic student in a recognized post-secondary institution.
  • Canadian citizens, permanent residents, or persons to whom refugee protection has been conferred under the Immigration and Refugee Protection Act.
  • Legally entitled to work in Canada in accordance with relevant provincial or territorial legislation and regulations.
  • Must have a work-integrated learning component within their study plan.
  • Undertaking a placement that is recognized as work-integrated learning in connection with a course, degree, certificate, diploma, or other recognized program offered by the institution. The placement can be required or optional, for credit or not for credit.
  • Graduate students (including Masters and PhD’s) are eligible.
  • Can be in a full or part-time program.
  • Can be from any program of study.
  • Can be from under-represented groups:
    a) Women studying Science, Technology, Engineering, Maths (STEM);
    b) Indigenous students;
    c) Visible minorities;
    d) New Canadians (within 5 years);
    e) Persons with disabilities;
    f) Students in their first year of study.

Other Things to Note:

  1. Magnet is no longer accepting new applications for the Summer 2022 Student Work Placement Program.
  2. During the month of December, they will be accepting applications for Winter 2023 (funding term: January 1 to March 31, 2023).
  3. Magnet is one of 17 SWPP delivery partners across Canada.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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