RBC Talent Fund

Are you a small business looking to grow? 

The RBC Talent Fund is a wage subsidy program aimed to benefit entrepreneurial led companies based in the HRM area. The program can help grow your business by adding bright young talent to your team through hiring SMU students.

RBC Talent Fund Provides

  • A wage subsidy that can cover up to $3,150 per hire
  • Flexibility for employers to choose between a part time and a full time hire
  • Assistance with job posting and short listing of candidates
  • Training and mentoring for participants to enhance their work experience
  • Advice and monitoring throughout the program to ensure participants and employers are receiving the best possible experience

Full Time Hire (16 weeks)

  • The wage subsidy can cover 50% of the wage, up to $7.50 an hour for the first 12 weeks (based on a $15/hr wage), leaving the employer to fully fund the final 4 weeks

Part Time Hire

  • The subsidy can cover 37.5% of the total wage (or up to $5.63 an hour) for a work term covering up to 240 hours (based on a $15/hr wage)

• A simpler way to breakdown the math is to say that the wage subsidy would cover 37.5% of the total wage or up to $5.63 an hour (based on a $15/hr wage), for both options

Employer Requirements

  • The company must be in its early stage of development and must be located in the Halifax Regional Municipality
  • The hire must be a Saint Mary’s University Undergraduate Student
  • Provide a minimum of $15/hr wage to the new hire
  • Coverage of MERC (mandatory employment related costs) – CPP, EI, Vacation Pay
  • Assign an organization supervisor to act as a mentor for the participant

Full Time Hire (16 weeks)

  • Provide a 16 week work term covering 35 hours per week

Part Time Hire

  • Provide a work term covering up to 240 hours in total

Employer Application

For more information, please contact [email protected]

Made possible through the RBC Foundation in support of RBC Future Launch. For more information please visit
https://news.smu.ca/news

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