Get Rewarded for Saving for Your Future
PSW Savings Bonus Program - Coming Soon
The my65+ PSW Savings Bonus Program, launching in late March 2026, offers eligible Personal Support Workers up to $7,500 in bonuses over two years—simply for saving for retirement.
Check If You Are Eligible
You may be eligible if you:
- Work as a Personal Support Worker (PSW) as defined by your job duties. This means in your role you provide assistance with personal care, daily living activities in homecare, in the community, or in healthcare settings.
- Have worked at least 90 days and 156 hours in the past year as a PSW
- Work for an employer that contributes 1% or less of your pay toward retirement benefits
See other qualifying job titles
Other job titles that qualify are:
- Health care aide
- Hospital attendant
- Long term care aide
- Nurse aide
- Nursing attendant
- Orderly
- Patient care aide
- Patient service associate
- Personal care attendant – medical
- Psychiatric aide
- Resident care aide – medical
- Attendant for persons with disabilities – home care
- Family caregiver
- Home support worker
- Live-in caregiver – seniors
- Personal aide – home support
- Personal care attendant – home care
- Respite worker – home support
- Doula
Eligibility Verification
Participants will be asked to self‑attest their eligibility during sign‑up. Proof of eligibility may be required to confirm participation.
Be the first to know when applications open!
Earn Up to $7,500 in Bonuses
Conditions Apply
First Contribution Bonus
$1,000
Earn $1,000 with your first contribution of $25 or more.
Matching Bonus
Up to $5,000
Earn a dollar-for-dollar match on every contribution up to a maximum of $5,000. Minimum of $25 per contribution.
Transfer Bonus
$500
Earn a bonus of up to $500 when you transfer your RRSP or TFSA into my65+.
Continuous Savings Bonus
$1,000
Earn a $1,000 bonus when you contribute monthly for for 1 year. Minimum of $25 per contribution.
How to Participate
Applications open in late March 2026.
Before you can apply, you must join the my65+ Plan.
Step One
Get updates
Share your name and email address to be notified when applications open.
Joining the email list does not guarantee a spot in the Program.
Step Two
Open your my65+ account
You must have a my65+ account before you can apply.
You can join anytime from your mobile phone. Have your SIN ready.
Step Three
Apply for the PSW Savings Bonus Program
Watch your inbox for important updates.
We’ll notify you when it’s time to apply in late March 2026.
Step Four
Apply for the program
When you get your email notification, log in to your my65+ account and apply to the PSW Savings Bonus Program.
Step Five
Make your first contribution
Unlock $1,000 on your first contribution and save consistently to unlock two more bonuses.
Step Six
Transfer RRSP or TFSA
Unlock a 4th bonus by transferring in your existing RRSP or TFSA.
Savings + Bonus Calculator
Estimate the Impact of Your Contributions
To help you understand the value of participating, use this calculator to explore different scenarios and see how your contributions and bonuses could grow over time.
You’ll be able to:
- Enter a monthly contribution amount
- Add a one‑time transfer from an RRSP or TFSA
- See how steady savings and bonuses can add up over time
This gives a clearer picture of how consistent contributions combined with a transfer can significantly increase the value of your retirement account.
Assumes 24 months of deposits, matching bonus capped at $5,000, transfer bonus + 10% of transfer amount capped at $500, plus $1,000 first contribution bonus and $1,000 continuous savings bonus (if eligible).
See how much you can earn and save:
| Contributions | |
| Total contributions (24 months) | $0 |
| Transfer | |
| Total amount transferred | $0 |
| Bonuses | |
| FIRST CONTRIBUTION BONUS | $0 |
| CONTINUOUS SAVINGS BONUS | $0 |
| MATCHING BONUS | $0 |
| TRANSFER BONUS | $0 |
| Total bonus | $0 |
Sign Up Now
Backed by a $29.9 million investment from the Government of Canada
This pilot program is delivered through my65+, the retirement savings plan built specifically for healthcare workers.
Personal Support Workers are the backbone of our healthcare system, yet many don’t have access to meaningful workplace retirement savings.
The my65+ PSW Savings Bonus Program, launching in late March 2026, is designed to help close that gap by rewarding consistent saving and making it easier to grow your retirement income.
About my65+
More Than Just a Savings Account
my65+ is a retirement savings plan created by SEIU Healthcare and Common Wealth to support healthcare workers at every stage of their career.
Designed to be portable, accessible, and easy to use, my65+ helps workers build long‑term financial security—no matter where their work takes them.
The my65+ plan includes:
- Digital tools designed specifically for healthcare workers
- Clear, easy‑to‑understand financial education
- Ongoing support throughout your career—from your first job and throughout your retirement
- A portable account that stays with you even if you change jobs
FAQs
When is the PSW program coming?
The program will open for applications in late March 2026 (exact day to be announced). You can sign up for updates to be among the first to know when applications open, and you may enroll in the my65+ retirement platform at any time.
How do I know if I qualify?
You can check if you qualify by reviewing the criteria outlined in the section “Check If You Are Eligible” further up on this page.
I’m not sure if my employer contributes to my retirement. What should I do?
The best way to find out is to speak with your supervisor. If you work for more than one employer as a PSW, you should check with each supervisor individually.
Is there anywhere I can sign up for updates?
Yes. You can sign up for program updates by clicking here.
Will the bonus be deposited into my bank account or my my65+ account?
Bonus funds will be deposited directly into your my65+ account after you have been approved for the program.
Can I withdraw money from my account?
The program is designed to significantly boost your retirement savings, but if your circumstances require you to access funds, you will be able to withdraw your own contributions if needed.
Bonus funds are subject to a two-year waiting period from the first date of your acceptance into the Program. For example, if you contribute $1,000 from your bank account, and earn $2,000 in bonus funds, you may only withdraw your $1,000 anytime before the two-year waiting period.
Will my bonuses be taxed?
The bonus money deposited to your account through this program is considered a taxable benefit. At the end of the year, my65+ will issue you a T4A that reports this income to the Canada Revenue Agency. When you file your taxes, you will owe tax on this amount at your applicable income tax rate.
For more information or for help with tax-related questions, please contact .
Why can’t my contributions come out of my paycheque?
There are several reasons for this, all focused on keeping things simple.
Many PSWs have more than one employer, and changing jobs can make payroll deductions complicated and time-consuming, which could also put bonus eligibility at risk. Contributing directly from your bank account is also simpler at tax time.
By contributing this way, you maintain full control and ownership over your savings and your eligibility for bonus funds.
Why can’t I withdraw the bonus money before the two-year waiting period?
The waiting period is designed to help build strong, long-term savings habits.
It gives you time to contribute consistently, earn interest, and set a contribution amount that is sustainable for your income.
It also helps ensure the incentive is used to support long-term retirement security, rather than being withdrawn immediately.