RBC Talent Fund
Are you looking to grow your team?
The RBC Talent Fund is a wage subsidy program aimed to benefit entrepreneurial led companies based in the HRM area. In partnership with the SMU Co-operative Education Office, the program can help grow your business by adding bright young talent to your team through the hiring of 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, full-time or co-op term 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
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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 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
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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