Group Benefits

We have been assisting businesses and employees by teaching Financial Literacy skills since 1998. We help them learn how to manage money wisely, save for retirement and understand their employee benefits and pension plans.Our employee benefits consulting services include:Ongoing financial literacy workshops for employees;One on one financial and retirement counseling;In depth and competitive [...]

Immigrants and Expatriates

Moving to another country is a big decision! It means starting all over again! There are many sources of stress and anxiety. We have extensive experience in financial education. We helped students of varied backgrounds learn about the Canadian financial system. We have extensive experience teaching and coaching new immigrants on how to save and invest responsibly, understand g [...]

Travelling

Travelling is awesome! We get to know new places and cultures. Before travelling we do everything we can to plan ahead and reduce the chances of any setback. Travel Insurance is part of the tool box of every seasoned traveler.At Ektos Financial we work with most trusted travel insurance providers. Please, fill the form below to get a quote and purchase online. You will get an e-mail with the link [...]

Where there is a will, there is a way

A Will is not a panacea that can solve all the problems of a estate, but is indispensable indeed. Recently the media published several articles about Aretha Franklin death and the fact that she did not have a will. Certainly there will be several disputes and many lawyers will profit charging hefty fees. In the end her heirs might receive just a small fracti [...]

What is a Mutual Fund?

Mutual Funds pool the investments of many individuals together into one big fund. Professional investment managers invest the money following an investment policy established for that particular fund. These include bond funds, equity funds, and treasury bills funds. A mutual fund portfolio can be de [...]

What is a GIC or a Term Deposit?

GIC and Term Deposits offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks. Due to its low risk profile, the return is generally less than other investments such as stocks , bonds , or mutual funds. Even though it is guaranteed, the return may be lower than inflation. GIC’s can be Registered or Non Registered, and c [...]

What is a Segregated Fund or Seg Fund ?

Segregated Funds or Seg Funds are life insurance products.  A segregated fund is similar to a mutual fund but has unique feature, such as the guarantee of all or part of the principal. If the fund loses value because of poor market performance, you get part or all of your original capital back but only if you keep the fund for a specific period of time, typically ten years. [...]

What is an Annuity ?

Annuities are insurance contracts. It is financial product, typically offered by a financial institution that may accumulate value and take a current value and pay it out over a period of years.Their main use is to generate a known level of income. There are several strategies that take advantage of Annuities.This information is generic and does not constitute financial advice [...]

What is an Individual Pension Plan?

Individual Pension Plan is a defined benefit pension plan for one person. An IPP is typically most appropriate for key executives of an organization, self-employed professionals or owner-managers. It provides all the benefits permitted under the Income Tax Act of Canada in order to maximize tax-sheltered retirement savings.This information is generic and does not constitute fin [...]

What is Life Income Fund (LIF)?

A Life Income Fund (LIF) is an investment vehicle used in retirement. Once funded by converting a LRSP or LIRA, a LIF allows for periodic withdrawals while the remaining balance remains tax deferred. The withdrawals have a specified minimum and maximum, depending on age.This information is generic and does not constitute financial advice. You should consult [...]