Magnet — Student Work Placement Program

Amount

Varies

Deadline

Rolling

Odds

First-come, first-served

Effort

30–60 minutes

Can you get this?

✓Canadian private-sector or non-profit employers only

✓Up to 50% of wages, max $5,000 per placement

✓Student must be domestic, not international

✕Governments and post-secondary institutions are not eligible

✓Placement must be a net-new position

Your real odds

Funding is first-come, first-served with no stated cap on awards, and the money runs out each semester, so when you apply matters more than how strong your application is.

Magnet has supported over 40,000 placements, which signals broad access rather than a selective filter, but that volume also means funds deplete faster than most applicants expect.

What it takes

Create a free Magnet account and post the student role30–60 minutes

Hire an eligible student and run the placementDuration of placement (May–Aug or Sep–Dec)

Submit supporting documentation after the placement ends to receive the wage subsidy1–2 hours

Worth knowing

If your business has fewer than 100 employees, you are exempt from the requirement to prove the placement is a net-new opportunity, which is the rule that trips up larger employers most often.

Apply on funder's site →

What else do you qualify for?

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