This credit is a refundable tax credit for businesses hiring students enrolled in a recognized Ontario post-secondary co-operative education program. For each qualifying work term ending in the taxation year, an eligible employer may claim a refundable tax credit equal to the lesser of 25% (30% for small businesses) of the eligible expenditures made in respect of the work term, or $3,000.  University of Toronto Scarborough's Management Co-op provides the required documentation to each eligible employer at the end of each four month work term.