Hold a permanent life insurance policy within corporation?
I currently already have personal term life insurance until 2027 and with our projected finances at that time, we won't actually need life insurance after that since we do not have a mortgage and my wife can collect my pension (and her pension) if necessary. So the main point of it would be to reduce corporate taxes. However, I am finding the complexities of this somewhat hard to navigate. I am consulting my investment advisor, but I have to keep in mind that their bias is to sell the insurance.
I have read a bit from these articles:
https://www.bdo.ca/en-ca/insights/tax/t ... te-wealth/
https://ca.rbcwealthmanagement.com/dele ... 28/content
Anything specific I should be aware of, or are there other recommended online resources?