Entries by LS Smith & Associates

What is Critical Illness Insurance?

June 30, 2025 in , , /by

More people are surviving serious medical issues such as cancer, a heart attack, or a stroke. And while this is good news if a critical illness happens to you – your recovery may come with costs that you don’t have the money to cover.
This is where critical illness insurance can play a crucial role. Our article covers the key things you need to know about critical illness insurance:
• What critical illness insurance is.
• What you can use the money from critical illness insurance payout for.
• How you can get critical illness insurance.

First Home Savings Account (FHSA): What You Need to Know

June 14, 2025 in , , /by

Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, contributions and deductions, qualifying investments, withdrawals, and transfers.

Emotions and Investing

June 2, 2025 in , /by

Investor emotions often rise and fall with the market. This post outlines the emotional cycle many investors experience and offers practical ways to manage reactions, avoid costly mistakes, and stick to a long-term investment strategy. A helpful read for anyone feeling unsure in today’s markets.

Insurance Planning

April 30, 2025 in , /by

Insurance is often thought of as an optional extra in the area of personal and business finance – a “nice to have” which can offer protection if things go wrong but certainly not as an important asset in its own right. However, it’s true to say that intelligent insurance planning is a strategy which can protect the vital asset of your ability to earn an income – perhaps the most important asset that you have.

Bank of Canada Announces Interest Rate Cut Amid Economic Uncertainty

March 12, 2025 in , , , , /by

The Bank of Canada has cut interest rates to 2.75%, reflecting ongoing economic challenges and trade uncertainties.
Market volatility is normal, but staying disciplined and diversified helps manage risk over the long term.
If you have questions or concerns, please reach out—we’re here to help.
#BankOfCanada #InterestRates #MarketVolatility #FinancialWellbeing