This cannot work. For an N-ch MOSFET, the gate must be more positive than the source to turn it on. Since the source will be at +5V with the MOSFET on, supplying power to the load, the gate must be at +10V or so.
There are circuits that allow you to drive an n-ch MOSFET in such an application, but they will be complicated and the cost and complexity not justified, unless the load needs such a high current that you REALLY need an N-ch MOSFET.
Otherwise, use a P-ch MOSFET, with the S connected to +5V, the D to your load and the G to the PIC. If the PIC is powered at +3.3V, then I recommend you drive the MOSFET not directly with the PIC pin, since the MOSFET may still turn on, but use an open-collector/ drain transistor with a pullup to drive the P-ch MOSFET.