Ontario to require high school students to pass financial literacy test

Ontario’s high-school students will be required to pass a financial literacy test to earn a diploma, starting in the 2025-26 school year.

“This elevates the criteria, it elevates the standard, and forces all of us, educators, government, families, and students, to work harder and smarter to elevate that knowledge from theoretical knowledge to practical knowledge that they can apply every day in their lives.” The government said the financial literacy test will be developed by TVO, TFO and the Education Quality and Accountability Office, which administers the province’s standardized tests in reading, writing and math.

Karen Littlewood, president of the Ontario Secondary School Teachers’ Federation, welcomed the introduction of financial literacy but was concerned about how teachers would deliver it in an already jam-packed math curriculum.

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