Definitions
 1. In this Regulation, “approved field of study” means, in respect of a qualifying leading edge technology education program, a field of study that, in the opinion of the Minister of Finance, leads to a knowledge-based, high value-added activity that contributes to economic growth by improving Ontario’s competitive position in the global economy or by creating new jobs or export activities and, (a) that involves applied or theoretical research for the advancement of scientific knowledge, but does not include, (i) market research or sales promotion, (ii) quality control or routine testing of materials, devices, products or processes, (iii) research in the social sciences or humanities, (iv) prospecting, exploring or drilling for or producing minerals, petroleum or natural gas, (v) style changes, or (vi) routine data collection, or (b) requires the development or application of technology and technological processes and, (i) promotes continuous innovation, improvement or advancement with the goal of leading to new or improved products or services, or (ii) develops more efficient and effective use of time and resources to improve the way things are done; “qualifying co-operative education program” means an educational program or course of study that meets the following requirements: 1. The program or course of study formally integrates students’ academic studies with work placements. 2. The program or course of study, i. includes work placements, each of which is at least 10 consecutive weeks and at least half of which are mandatory, that total not more than 75 per cent of the time spent in required academic study and that include mandatory work placements totalling at least 30 per cent of the time spent in required academic study, or ii. includes one optional work placement of at least eight consecutive months and not more than 16 consecutive months that totals at least 30 per cent and not more than 75 per cent of the time spent in required academic study. 3. All optional work placements taken under the program or course of study must be completed before the start of the final academic term. 4. The program or course of study provides credit towards a post-secondary degree, diploma or certificate granted by an eligible educational institution in respect of qualifying co-operative education programs. 5. All optional qualifying co-op work placements taken by a student under the program or course of study are recorded on the student’s academic transcripts. 6. The Senate, board of governors or other governing body of the eligible educational institution, through its authorized delegate, has given to the Director of the Corporations Tax Branch of the Ministry of Finance, or to his or her delegate, a document stating that the program or course of study meets the requirements of paragraphs 1 to 5; “qualifying leading edge technology education program” means an educational program, course of study or apprenticeship program that meets the following requirements: 1. The program or course of study is, in the opinion of the Minister of Training, Colleges and Universities or a person or persons designated by that Minister, in an approved field of study. 2. The program or course of study, if it is not an apprenticeship program, provides credit towards a post-secondary degree, diploma or certificate granted by an eligible educational institution in respect of qualifying leading edge technology education programs. 3. The program, if it is an apprenticeship program, is approved by the Director of Apprenticeship under the
Apprenticeship and Certification Act, 1998 or the Trades Qualification and Apprenticeship Act and, on completion, qualifies the apprentice to receive the appropriate certificate under that Act. 4. If the program or course of study is a general arts and science or business program or course of study, the eligible educational institution has advised the Ministry of Training, Colleges and Universities that it has reviewed the courses taken by the student and determined that the student, i. is meeting the requirements for a degree with a principal or joint concentration in a program that, in the opinion of the Minister of Training, Colleges and Universities or a person or persons designated by the Minister, is in an approved field of study for the student’s year of study, and ii. has completed at least two full-year courses or equivalents in programs that were in approved fields of study.  O. Reg. 330/97, s. 1; O. Reg. 296/98, s. 1; O. Reg. 268/00, s. 1; O. Reg. 59/06, s. 1. Eligible Educational Institutions