Canadian Tax Adviser, December 15, 2015.Alex Dhanjal, GTA, Tax Incentives Practice.If your company is in the clean energy sector, you may be able to participate in a new program to receive a subsidy of up to $12,000 to hire an intern for a Clean Tech job related to science, technology, engineering, or mathematics. As part of this internship recently launched by Environment Canada and Colleges and Institutes Canada (ClCan), the employer will need to contribute at least 30% of the total costs of the internship. This can include cash and in-kind contributions as well as funding from other partners.
The new Clean Tech internship is just one of the government incentive programs that you can enroll in to offset some of the cost of innovation.
The CICan Clean Tech Internship encompasses many job and industry sectors related to:
Employers eligible for the intern incentive include:
To qualify, you must hire an intern for a "new and meaningful" Clean Tech position or project for a minimum of six months. In addition, you must have an established payroll system and a process for supervising and mentoring an intern. These work placements involve advance technologies that address the challenges of a cleaner environment.
Generally, an eligible intern meets the following eligibility criteria:
The program provides $12,000 for each internship, with no limit to the number of interns an employer can hire. However, CICan specifies that priority will be given to support diversity across Canada, across sectors, and to reach as many employers as possible.
Employers that have identified an internship opportunity must fill out the employer application form. The job posting will be listed on the Colleges and Institutes Canada's site, and interns will apply directly to CICan. Interns who already meet the program eligibility requirements can register with CICan.
Qualifying employers will receive two instalments of the incentive in equal amounts. The first is sent three months after the internship commences, following receipt of verification documents for the period which include brief scheduled reports and salary verification, among other requirements. The second payment is sent on completion of the internship.
For assistance with this program and other important government incentive programs, contact a tax professional in KPMG's Tax Incentives Practice:
Ed Zacharuk, Vancouver
Garry Wilton, Calgary
David Durst, Hamilton
Alex Dhanjal, GTA
Pascal Martel, Montreal
Information is current to December 15, 2015. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500