Death, Taxes, Family Trusts & When To Incorporate ft. Michal Wach Ep. 18

In this episode of The BLD Financial Podcast, we’re joined by Michal Wach, a real estate investor, tax accountant, and coach who has been investing since 2008.Michal shares how he built a portfolio that includes a Muskoka luxury cottage, navigated multiple market cycles, and transitioned into tax advisory for investors and self-employed Canadians. They unpack common mistakes investors make with taxes, incorporation, and structuring, and explore how smart planning and professional guidance can protect and grow wealth.In this episode, we explore:✅ How Michal started investing during the 2008 financial crisis and built long-term wealth through rental properties✅ Lessons from 15+ years of market cycles, including the explosive 2019–2021 boom and today’s correction✅ How social media has turned everyday investors into “economists” tracking CPI, job reports, and bond yields✅ Why tax strategy is the most overlooked element in real estate investing✅ Common mistakes investors make: unfiled taxes, poor bookkeeping, and rushing to incorporate✅ When incorporating makes sense and when it can actually hurt your portfolio✅ Advanced structures like family trusts and holding companies: who really needs them✅ Debunking myths around capital gains, double taxation, and long-term planning✅ Why transitioning from real estate investing to owning an active business can accelerate cash flow and wealthWhether you’re a beginner investor, scaling a portfolio, or looking to optimize your tax strategy, this episode delivers actionable insights to help you make smarter decisions and protect your financial future.Who is Michal Wach?Michal Wach is a husband, father, accountant, and real estate investor. Alongside his wife Anna, he owns and manage multiple investment properties in Southern Ontario, and has been investing since 2009.Follow & Connect with Michal Wach:Instagram - https://www.instagram.com/wachproperties/LinkedIn - https://www.linkedin.com/in/michal-wach-cpa-ca-2955a37/Website - https://wachproperties.ca/Follow & Connect with Josh & Ehren:Instagram - https://www.instagram.com/bldfinancialFacebook - https://www.facebook.com/BLDfinancialYouTube -  https://www.youtube.com/@bldfinancialDLC National License: 12360