Should I maintain separate bank accounts or have joint bank accounts with my partner?

This is often discussed and is a really a matter of personal preference. However, before making your choice, make sure you are informed with accurate information and think about your objectives in having separate or joint accounts. If partners wish to maintain financial independence from one another, for example, simply keeping accounts in sole names is likely not enough. Alberta law considers those accounts as family property after a certain amount of time and family property is shareable on separation, unless the couple has entered into a Cohabitation or Marriage Agreement where they contract out of those provisions. Something else to consider is what you intend to happen at your death - if your account(s) are in sole names, your partner will not have access to your accounts until legally appointed your personal representative. Each situation is unique and it is important to seek legal advice on your situation before making your decision.