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Alexandra Minuk, PhD Candidate, Faculty of Education, Queen's University, Ontario

A back-to-school wish list for Ontario’s 2025 high school financial literacy requirement

Financial literacy is not a magic bullet, but done thoughtfully, it can help improve financial outcomes. (Shutterstock)

Earlier this year, the Ontario government announced a new financial literacy component for students as part of Grade 10 math, starting in 2025 — part of a larger suite of educational reforms.

The province says students will “be required to score 70 per cent or higher to meet the financial literacy graduation requirement,” with their “first attempt to be taken during their Grade 10 math course.” Like the Ontario Secondary School Literacy Test — the only other standardized assessment students must write to graduate with a diploma — those who fail will get another attempt.

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