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Monday 8am - 4:30pm Tuesday 8am - 4:30pm Wednesday 8am - 4:30pm Thursday 8am - 4:30pm Friday 8am - 4:30pm

Shaun Woodcock, CFP Certified Financial Planner

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Brandon, MB
Shaun Woodcock, CFP Certified Financial Planner

Shaun specializes in Financial Planning for High Net Worth clients, Business Owners

10/19/2023

Higher inflation is expected to have pushed next years TFSA limit to $7,000. That means the total contribution room available in 2024 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is set to be $95,000, up from $88,000 this year.

Next year’s contribution amount can be calculated using CPI data released Tuesday

12/14/2021

I want to give a huge thank you to my clients and community who voted SW Financial Planning as their top Financial Advisor in 2021. This was a very pleasant surprise for me! I’m very fortunate to get to work with such great people! Congratulations to all the other nominees as well.

Official 2021 Community Voting Awards Platform for Brandon, MB. Where the community votes for their favourites every year.

08/16/2021

Have you ever wondered if your loan or mortgage interest is tax deductible? Give this a quick read for some clarity.

Interest paid may be tax deductible under the right circumstances. Find out which scenario might apply to you.

07/20/2021

Do you have a child attending post-secondary education this fall and are wondering how to withdraw from your RESP? It can be a complicated process but with proper guidance or a quick read of this article, it can help provide clarity.

Parents may spend years contributing to registered education savings plans for their kids, but only realize when it’s time to pay for college or university how little information there is about the right way to make withdrawals. Here’s step-by-step advice from a Certified Financial Planner.

06/15/2021

Mortgage Insurance: Not Necessarily as Advertised. Having proper life insurance in place to cover your mortgage is one of the most important financial planning decisions you should consider. However, just because you have coverage, how certain are you that it will pay in the time of need? Message me if you would like to learn more about the insurance options that are right for you and your family.

It's all part of the process when you are arranging a mortgage for your new home. The bank employee inevitably asks if you would like to purchase mortgage insurance. No one likes to think about their own mortality; however, we all know deep down that stuff happens. People contract terminal illnesses...

05/20/2021

Some great news came out of the recent Federal Budget – expanding eligibility for the Disability Tax Credit. If you are unfamiliar with the Disability Tax Credit or Registered Disability Savings Plan, I strongly recommend you give this article a quick read, and consider speaking to your medical practitioner to see if you qualify. If you meet the criteria you may qualify for significant tax benefits and savings grants!

Qualification is a gateway to additional tax savings

03/02/2021

I enjoyed reading this article. Switching from “accumulation” to “decumulation” in retirement is not easy. It is important to have a properly structured investment portfolio to help you manage the risk of market volatility, especially during your decumulation years.

Changing gears from savings strategy during working years to post-work spending years can be a formidable task. Read this to find out the who, what, when, where, why of accumulation and decumulation investment stages, and how you can achieve a happy and stress-free retirement.

12/16/2020

Did you work from home in 2020? See if you’re eligible for up to $400 in tax deductions. Be sure to let your tax professional know!

There's a temporary flat-rate method for up to $400, and a simplified "detailed" method with a new Form T2200S

12/01/2020

Great news, the Tax Free Savings Account (TFSA) limit will remain at $6,000.00 for 2021. If you were born prior to 1992, this brings your lifetime contribution room to $75,500! Do you have a pension plan? If so, consider the benefits of adding to a TFSA for your retirement, it can provide a great source of tax free retirement income down the road. For retirees, a TFSA can help provide a tax free estate transfer to your beneficiaries. Give me a call to see how a TFSA can fit well into your Financial Plan.

Find out how much clients can contribute

11/23/2020

The expected return on your traditional balanced fund has decreased given the low yield environment we are likely to face over the next decade. With this type of change, I recommend you review your financial plan to see how this impacts the longevity of your savings. Give me a call to see what changes can be made to your portfolio to help offset the expected low yield environment.

JPMorgan Asset Management is cutting its projections for cross-asset returns over the next decade and signaling more pain for 60/40 allocations that have long formed the bedrock of traditional portfolios.

07/27/2020

The tax filing deadline has been extended again, you now don't have to pay until September 30th, 2020.

The agency will not charge penalties and interest if payments are made by the new deadline

03/24/2020

Are you over the age of 71 and concerned how much you're forced to withdraw from your RRIF when the markets are down? The government recently announced they will reduce the required RRIF payments for 2020. Please make sure you consider the tax savings of this strategy.

The minimum withdrawal rate is being reduced by 25% for 2020

Address

2800 Victoria Avenue, Unit B
Brandon, MB
R7B3X1

Opening Hours

Monday	8am - 4:30pm
Tuesday	8am - 4:30pm
Wednesday	8am - 4:30pm
Thursday	8am - 4:30pm
Friday	8am - 4:30pm

Website

http://www.swfinancialplanning.ca/

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