Solution

Income and Employment Verifications

Reliable third-party income and employment verifications

Verification Exchange

Income and/or employment information is needed, and in many cases required, in order to approve an application for credit or new employment. We have different products to deliver this information you need through our Verification Exchange solution in Canada.
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Income and Employment Verification

With consumer consent, income and employment verifications from Equifax are sourced from Verification ExchangeTM - a database of instantly available income and employment information from employers across Canada. An income and employment verification contains both basic employment information as well as detailed compensation data—wages, bonuses, commissions and overtime. If provided by the employer, the verification will also include historical payment data, and dates and amounts of the applicant's most recent and projected pay increases.

If your applicant's income and employment data is not instantly available, a researched verification can be immediately initiated, whereby a team of Equifax verification specialists will manually complete the verification on your behalf in as little as one to three business days.

Employment Verification

An employment verification is perfect if you just need to know where an applicant is employed, but do not need to understand their ability to pay. The employment verification includes basic job information: employer name and address, job title (when available), employment status, most recent hire date and length of time with the employer.

Employment verifications from Equifax in Canada are sourced from Verification Exchange —a database of instantly available income and employment information from employers across Canada. And if your applicant's employment data is not instantly available, a researched verification can be immediately initiated, whereby a team of Equifax verification specialists will manually complete the verification on your behalf in as little as one to three business days.

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