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Personal Support Worker Retirement Savings Innovation Program (PSWRSIP) – Call for Concepts | Employment and Social Development Canada (ESDC)

January 24, 2025

Value

Between $1,000,000 and a maximum of $30,000,000.

Description

The Personal Support Worker Retirement Savings Innovation Program (PSWRSIP) will provide funding to eligible initial recipients that are able to provide retirement savings incentives through tax-assisted private savings vehicles to personal support workers (PSWs) without workplace retirement security coverage.

Eligible Applicants

Eligible applicants also defined as initial recipients that can apply for funding are located in Canada and are:

  • not-for-profit organizations
  • for-profit organizations
  • unions
  • boards of trade
  • industry association
  • cooperatives
  • indigenous organizations, including band councils, tribal councils, and self government entities; and
  • 2SLGBTQIA+ organizations

Eligible Expenses

Eligible expenditures of initial recipients include:

  • incentives provided to ultimate recipients
  • subject to a cap on costs of 15% of contributions for not-for-profit organizations and 8% for for-profit organizations:
    • salaries,wages and mandatory employment-related costs and benefits paid to staff for the hours working directly on the project
    • professional fees related to project activities, such as consultants, audit, technical expertise, facilitation, human resources, translation, and legal costs
    • advertising and communication costs
    • other reasonable administrative costs incurred for the purpose of administering the pilot project

Deadline Date

November 25, 2024, to January 24, 2025, at 3:00pm, Eastern Standard Time (EST)

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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