Background

Improving financial literacy is capturing the attention of governments around the world. The member countries of the Organization for Economic Co-operation and Development (OECD) have agreed to promote financial literacy education for their populations recognizing that people need a wide range of skills and knowledge to make informed choices and to manage the risks involved in the global economy.

Many countries, including Canada, are conscious of the need to increase their citizens' financial literacy. In 2011, the Federal Task Force on Financial Literacy submitted a report to the Federal Government that called for a National Strategy on Financial Literacy for all Canadians.

The Ontario approach enhances financial literacy within existing Ontario curriculum from grades 4-12. The goal of the Financial Literacy Education Initiative is to make financial literacy education a part of every child’s learning by enhancing financial topics and concepts in the existing curriculum in grades 4-12.

Since 2011, the ministry of education has been moving forward on the advice of the Curriculum Council and Working Group on financial literacy.

Examples of cross-curricular and subject specific approaches can be found in the Financial Literacy Videos in the Elementary and Secondary Resources section of this website.


Please see the links and documents below for more information related to financial literacy:

Key Documents    

A Sound Investment: Financial Literacy Education in Ontario Schools
This report presents the results of the Working Group’s information gathering. It includes the key findings and recommendations about ways to embed financial literacy education in the Ontario curriculum.
PDF
   
Financial Literacy, Grades 4–8: Scope and Sequence of Expectations
This document identifies expectations and opportunities related to financial literacy in the Ontario curriculum for grades 4-8.
PDF
   
Financial Literacy, Grades 9–12: Scope and Sequence of Expectations
This document identifies expectations and opportunities related to financial literacy in the Ontario curriculum for grades 9-12.
PDF
   
Press Release - Teaching Students How To Manage Money February 2011 Website


Memorandum    

Memorandum to School Boards – Financial Literacy Education in Ontario
Schools May 29, 2012
PDF
   
Memorandum to School Boards – Release of Scope and Sequence Documents July 7, 2011 Website