The Ontario government will introduce financial literacy as part of the high school curriculum within the next two years. Also, the government says the scheme will help in getting more exposure to job opportunities in the financial sector.
Education Minister Stephena Leche said in an announcement to the Toronto Stock Exchange that students need to know about self-protection from financial fraud, budgeting, financial security while working, and how to spend money during retirement. Financial literacy and home economics will be part of a back-to-basics approach in the classroom, he said.
The new plan requires students to complete new financial literacy skills as part of their Grade 10 maths course from 2025. Education experts and financial literacy experts at TVO in partnership with TFO and EQAO will develop learning modules for the project, the government said.