In Canada, if people have a joint bank account and one of them dies, the bank account gets frozen for months. You need to get mountains of paperwork to get it unfrozen. In the meantime, you don’t have access to your own money.
Why? Because imagine how convenient it is for the banks to have control over a multitude of accounts where they can invest the money unmolested and know that the owners won’t try to withdraw anything for up to 6 months.
People who say that there’s socialism in Canada are either clueless or use the word socialism to mean “something icky.”