Students in Ontario may wat to take note of the program ACCELERATE where the provincial government provides CAD $16.89 millions over 4 years. Each internship will last 4 months and be paid about CAD $15,000. Sounds very reasonable. Even better is the structure of the experience:
Graduate student researchers will spend a minimum of 50 per cent of their time over a four-month period at a company, undertaking research on a problem jointly identified by the intern, business, a supervising professor, and MITACS, which is a federally funded network of Centres of Excellence that is managing the internship program.