Rabideau Law’s February Potato Blitz in support of House of Friendship

We are proud to announce that we will be holding a Potato Blitz from February 1st-28th in support of House of Friendship.

What is a Potato Blitz?

Over twenty years ago, House of Friendship (HOF) Board Members decided to host a potato blitz in February to help meet the need for potatoes throughout the year in emergency food hampers and program meals. Today, the campaign raises potatoes and donations equivalent to 300,000 pounds of potatoes. Potatoes are used for hampers and meals, and donations are used to buy more potatoes.

This fun campaign kicks off with Don Cameron Potato Night with the Kitchener Rangers, when fans donate money and spuds at the door. It is followed by a one-day Supermarket Blitz on a Saturday at most local grocery stores, where volunteers invite shoppers to donate money and spuds.

And the campaign wraps up with a Community Potato Lunch hosted by HOF, at which guests enjoy a delicious offering of potato dishes (no tickets required – free-will offering accepted), and where we have the opportunity to thank many volunteers and sponsors. Over 200 volunteers roll up their sleeves to help campaign mascots Spuddy and Sweet Potato.

At Rabideau Law we will be acting as a drop-off point for donations, as well as holding our own contest within the office to collect the most potatoes!

 Why should you donate?

  • House of Friendship’s Charles Street Mens Shelter houses up to 51 men per night
  • They send out over 28,000 emergency food hampers to local individuals and families annually
  • Over 550 men and women annually turn to House of Friendship’s addiction treatment programs
  • Over 120 kids from families living on low-income play, learn and grow at House of Friendship’s summer camp each year.

How can you help?

  • Make a donation
    Tax refunds are available for donations
  • Donate potatoes

Donations will be accepted at our office, 501-305 King St W, Kitchener.

If you have any questions, feel free to contact Kayla at kkompter@rabideaulaw.ca

Rabideau Law Food Drive 2016

Rabideau Law’s November Food Drive in support of The Food Bank of Waterloo Region

We are proud to announce that we will be holding a Food Drive from November 1st-28th in support of The Food Bank of Waterloo Region, and in the spirit of GivingTuesday.

What is GivingTuesday?

As stated on the GivingTuesday Waterloo Region website:

“Tuesday, November 29th is GivingTuesday, a day for businesses, individuals, groups and charities to join together to rally for favourite causes, create opportunities and share meaningful experiences. Whether it’s raising awareness, volunteering or fundraising, GivingTuesday is our day to celebrate the importance and impact of giving back.

Just as Black Friday kicks off the holiday shopping season, GivingTuesday marks the start of the giving season. What started four years ago in New York is now becoming a global movement that has reached 68 countries. In 2014, Vancouver, Regina, Guelph, Ottawa, and Halifax launched their charitable campaigns. The GivingTuesday Waterloo Region movement began in 2015.”

To work our Food Drive in with GivingTuesday, we will be going to visit The Food Bank on November 29th to deliver the donations we have collected over the month.

25boxes

Why should you donate?

  • More than 34,000 men, women and children received food assistance last year in Waterloo Region.
  • People seek food assistance because of unexpected job loss, physical or mental health concerns, or other crises.
  • 49% of households seeking assistance are families with children.
  • Just $1 will provide 3 meals

How can you help?

  • Make a donation
    $20 will feed a family for 4 days
    Tax refunds are available for donations
  • Donate food
    Most needed items include:

    • Peanut Butter
    • Canned Fruit and Vegetables
    • Canned Meat and Fish
    • Canned Stews and Chili
    • Beans in Sauce

Donations will be accepted at our office, 501-305 King St W, Kitchener.

To make things a little more interesting­—and of course raise as much for The Food Bank as possible­—we’ve split the office into two teams.

Will your donations go to Team FullBelly (Geoff Rabideau’s team) or the Pantry Packers (Varun Sharma’s team)?
Full team lists are on our Facebook page

If you have any other questions, feel free to contact Kayla at kkompter@rabideaulaw.ca

Home Buyers Tax Credit (HBTC)

What Is The Credit?

The federal government offers a $5,000 credit to certain home buyers.  The amount of the credit can be a little bit misleading; this credit will not allow you to save $5,000 in taxes.  This credit is always applied against the lowest tax bracket, which is 15%.  The maximum tax savings are actually $750, which is found by multiplying the $5,000 tax credit with the 15% tax bracket to find your actual savings ($5000 * 15% = $750).

Who can Claim this Tax Credit?

The federal government offers this credit for two types of purchases.  The first eligible purchase is a purchase by a first time homebuyer.  The second eligible purchase is the purchase, for or by a disabled person, of a home that accommodates their disability.

A first time home buyer is someone who does not own a house and has not owned a house in the preceding four calendar years.  So even if you have owned a house in the past, if it was long enough ago, you may still qualify for this credit.  This credit can be claimed by the first time home buyer or by their spouse.  If a group of first time home buyers buy a house together they can use this credit, however, they will have to split the maximum $750 tax savings between them.

For the purpose of this credit a disabled person is someone who is eligible to claim a disability amount on their taxes in the year that the house is acquired.  The credit can be claimed by whoever buys this property, be it the disabled person themselves or someone else buying a home for them.  Under these circumstances the buyer does not have to be a first time home buyer to get the credit.  However, the house purchased has to be lived in by the disabled person and the house must be specially equipped to address the disabled person’s needs.

When Can I Claim This Credit?

You must claim this credit in the year in which you take ownership of the property, not necessarily the year you enter into the agreement to buy the property. If you have purchased a condo you should claim this credit when you take ownership, which may not be the same year as you get to move in.

Which Properties Are Eligible For The Credit?

In order to qualify for the credit the property must be in Canada and be one of the following types of property:

  • single-family houses;
  • semi-detached houses;
  • townhouses;
  • mobile homes;
  • condominium units; or
  • apartments in duplexes, triplexes, fourplexes, or apartment buildings.

Most Canadian properties that someone would buy for them or their family to live in will qualify.

Conclusion

Don’t forget to take advantage of this great opportunity to save some tax money when you buy a home.  If you have any questions about how to take advantage of this credit or any questions at all about buying or selling a home please don’t hesitate to contact the experts at Rabideau Law.

Rabideau Law Cares – Food & Fund Drive

Recently Rabideau Law & Rabideau Debt Law hosted a Food & Fund Drive to help contribute to The Food Bank of Waterloo Region’s ‪#‎DIGIN‬ event on May 2nd, 2015.

We could not be more thrilled to announce that not only did we reach our goal of 25 boxes but we actually managed to surpass it! In total we raised 630 lbs of food and $180 in donations. That’s enough to provide 1,032 meals for our neighbours in need!

We could not have done it without the support of the other offices in our building. A BIG thanks goes out to Primal, Quadriga Business Centre Ltd., Square, Nutrafarms, MappedIn, Chalk.com, RENOMii & SigmaXL! Thank you, Thank you, Thank you!

WHY DIG IN?

  • 1 in 20 Waterloo Region residents needed food assistance last year
  • 46% of households needing assistance are families with children
  • The Food Bank of Waterloo Region will need enough food and funds to provide 360,000 meals this summer alone

MORE ABOUT THE FOOD BANK

The Food Bank distributes 20,000 lbs of non-perishable food to food programs in Waterloo Region each week.

In Waterloo Region during 2010:

26,500 residents of Waterloo Region sought emergency food assistance

38% were children

10% were working poor

24% were disabled

Over 48,000 people in Waterloo Region are living below the poverty line (2006 census).

Currently 1 in 20 people in Waterloo Region is hungry… 37% of those are children.

To Find Out More About How You Can Help visit www.thefoodbank.ca

Refinancing a Home

When the term of your mortgage is up for renewal, refinancing your home can reduce your monthly payment and allow you to take advantage of better interest rates or a more favorable amortization period. At Rabideau Law we make this process as simple and straightforward as possible.

What are the responsibilities of a residential real estate lawyer?

Our team works hard to ensure that the refinancing of your mortgage is handled professionally and completed in a timely and efficient manner. Our services include:

  • Advising the client regarding their mortgage and title.
  • Coordinating with the bank or mortgage broker.
  • Determining the amount necessary to cover the balance of your current mortgage.
  • Searching for and removing liens or writs registered against the property or the owner.
  • Registering the new mortgage and removing the existing mortgage against the title.
  • Depositing any remaining funds into the account of the client.

What are the legal costs of refinancing a home?

Rabideau Law is pleased to offer home owners fixed fee legal representation when refinancing, giving you the peace of mind of knowing up-front the total cost of our services. Our rates are highly competitive, so be sure to visit our residential real estate page for more information on pricing.

*for certain unique circumstances, additional fees may apply. Please refer to our associated costs schedule for more information.

Refinancing for Debt Consolidation

Refinancing your home can be an attractive options for consolidating multiple debts into a single monthly payment. In addition to home refinancing services, Rabideau Law also offers a variety of solutions tailored towards overcoming debt, tax and insolvency problems.

I’m ready to get started – what’s my next step?

To get started, contact our office today to discuss your needs with one of our residential real estate law specialists.

For residential real estate law services in Kitchener, Waterloo, Cambridge, Guelph and surrounding areas, please call 519-957-1001 or email info@rabideaulaw.ca.

In memory of René Boerkamp

rene

In memory of René Boerkamp, friend and client of Rabideau Law.

René you will be missed with your cute little accent and warm character, which always lit up the office when you visited.

Our thoughts and prayers are with you Eva, Roy, Tim and Nikki.

Restructure your corporation under the CCAA

The Canadian Creditor’s Arrangement Act, (“CCAA”) is federal legislation that provides insolvent companies the opportunity to restructure their affairs, in doing so, it provides the company the ability to avoid bankruptcy while opening dialogue with its’ creditors.

To start the dialogue the troubled company seeks an order from the court under the CCAA. This Order provides an immediate 30 day Stay of Proceedings* against the company affording the company the time to prepare its Plan of Arrangement.

A Plan of Arrangement is an offer from the company to its creditors in which the creditors are offered a reduced amount, on the outstanding debt, in exchange for the company paying a lump sum of cash, or entering into a payment plan. The CCAA offers significant flexibility and not all plans involve a payment. Plans can include an offer of shares, possessions or cash or a mixture of the three.

The troubled company has the ability to exclude a specific creditor or group of creditors from its Plan, and can even include the shareholders as creditors. There is no limit to what the Plan could entail.

In order to be eligible under the CCAA, the company must be:

  1. a Canadian company; or,
  2. a foreign company with assets in Canada or conducting business in Canada; or,
  3. an income trust;

The company must be insolvent or have committed an act of bankruptcy and the company must have in excess of $5 million in debt.

After receiving the Plan of Arrangement the creditors will meet to vote on acceptance of the Plan. In order to be accepted, and therefore binding on all the creditors in that class, 2/3rds of the creditors, by dollar value, must approve the Plan. If the creditors don’t immediately approve the Plan it can be altered by negotiation between the creditors and the company until all the necessary changes are made to have it approved.

If the creditors and the insolvent company cannot come to an agreement the Plan is rejected and the troubled company loses the protection of the Stay of Proceedings, which ultimately would result in the insolvent company filing for bankruptcy under the Bankruptcy and Insolvency Act (“BIA”). From a creditor perspective, an insolvent company filing for bankruptcy would be the least beneficial option available.

*Stay of Proceedings is the halting of all legal and collection actions by the creditors against the insolvent company.

Thank you for your donations!

Thank you everyone for your generosity, donations and your help in making the Winter Clothing Drive a huge success.

The clothes, footwear and accessories were graciously accepted by St. Mary’s Place, the House of Friendship, and several individuals living on the streets and often seen around downtown Kitchener. One individual, Anita, was overcome with emotion when we gave her a pair of winter boots, some clothes and a new wagon in which to carry all her stuff. The Rabideau Law Angels thank you. A big thanks to my wife Christine for this great idea.

Winter Clothing Drive

Join the Angels

As part of our holiday initiatives, Rabideau Law is pleased to announce that we will be collecting new and gently used clothing to donate to local families and charitable organizations including St. Mary’s Place and The House of Friendship.

Donations can be delivered to Rabideau Law at 55 King Street West, Suite 700, Kitchener. Accepting donations  until December 14th

Waterloo Region Housing Market Outlook 2013

The Canada Mortgage and Housing Corporation (CMHC) held the annual Waterloo Region Housing Outlook Seminar Thursday November 22nd at Bingemans in Kitchener. The seminar examined where the local housing market is heading and discussed the challenges to be encountered in 2013.

The highlights of the seminar were:

  1. Housing demand will increase in 2013 as the local economy and the overall economy will pick up
  2. Resale housing sales will improve in the second half of 2013
  3. Resale prices will remain relatively flat through 2013 as the market continues to balance supply and demand
  4. Housing starts will move up from the end of 2012
  5. Low mortgage rates and household growth will support demand

I would add:

  1. Mortgage rates will continue to remain low with only slight increases overall
  2. Consumer debt will continue to be a concern as Canadian debt loads continue to increase at an alarming rate
  3. Resale housing sales will increase as mortgages, which were registered when mortgage rates declined rapidly in 2008, will mature in 2013
  4. First time home buyers will continue to spark sales of houses and condos with a purchase price of less than $300,000.00, however, less first time home buyers will enter the market due to tightened mortgage lending rules.
  5. Multi person housing, such as duplex, condos and houses with an in-law suite or two master bedrooms will increase as baby boomers move into households with their adult children.