VISA Canada Corporation

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77 King St W, Suite 4400
Toronto, ON M5K 1J5
VISA Canada Corporation is a provider of electronic payments services to consumers, businesses, financial institutions, and governments.

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VISA Canada Corporation
VISA Canada employees meeting   (Photo credit: Nick Menzies)

Recognized as one of Greater Toronto's Top Employers (2021):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Dec 3, 2020)

Here are some of the reasons why VISA Canada Corporation was selected as one of Greater Toronto's Top Employers (2021):

  • VISA Canada offers a full suite of financial benefits, from profit-sharing to a share purchase plan -- and helps employees save for the future with a defined contribution pension plan and matching RSP contributions
  • In response to the pandemic, VISA Canada's California-based parent company, pledged that the company would have zero pandemic-related layoffs in the 2020 fiscal year -- and employees have always had a variety of alternative working options, including working from home and flexible work hours
  • VISA Canada encourages employees to support community initiatives through matching charitable donations (up to $10,000 USD) as well as providing $10 USD for every volunteer hour an employee donates (to a maximum of 50 hours)
VISA Canada employees in the head office's kitchen   (Photo credit: Nick Menzies)

Highlights

Industry Payments technology
Established in Canada 1958
Publicly traded yes
Parent company Visa Inc.
Parent company head office San Francisco, CA, United States
Major Canadian hiring locations Toronto ON
Full-time employees in Canada 135
Average age of employees in Canada 41 years
Longest serving employee 30 years
Long-term savings defined-contribution (DC) pension, matching RSP
Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Flexible work options flexible work hours, shortened work week (fewer hours with less pay), telecommuting, reduced summer hours
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Outside survey period outside consultant surveys are held every 12 months
Employee performance reviews employees receive individual performance reviews every 6 months
In-house training initiatives in-house training, online training, mentoring
Annual tuition maximum employer pays up to $2,500 in tuition subsidies for job-related courses per year
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 2 paid days)

COVID-19

Pandemic response launched a mental health program that includes one-on-one counselling, mindfulness and exercise sessions, nutrition consultations and more, increased paid time off to volunteer from 2 days to 5 days, increased its matching employee donation program to a ratio of 2:1 for donations to key front-line organizations during the Giving Tuesday campaign, globally, The Visa Foundation announced $10-million to provide immediate emergency relief to the front lines (includes contributions to Food Banks Canada), and a $200-million program to support the recovery and re-building of small businesses (with a focus on women’s economic advancement)

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