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Financial Literacy became its own learning strand in the The Ontario Curriculum, Grades 1–8: Mathematics, 2020 | Strand F - Financial Literacy
In Grades 1 to 3, students demonstrate an understanding of the value and use of money by recognizing Canadian coins and bills, representing various amounts, and calculating change in simple transactions. In Grades 4 to 8, students extend their learning to the knowledge, concepts, and skills required to make informed financial decisions relevant to their lived experiences and plan simple sample budgets.
Financial Literacy is a dedicated strand throughout the elementary math curriculum. Financial literacy is more than just knowing about money and financial matters and having the skills to work with this knowledge. Students develop the confidence and capacity to successfully apply the necessary knowledge, concepts, and skills in a range of relevant real-life contexts and for a range of purposes. They also develop the ability to make informed decisions as consumers and citizens while taking into account the ethical, societal, environmental, and personal aspects of those decisions.
Financial literacy is part of the elementary and secondary curriculum in many different subjects such as mathematics, social studies, Canadian and World studies, business studies and many others. In some subjects, students may be learning specific skills such as understanding money, consumer awareness, personal finances, budgeting and money management that will help them develop financial literacy skills. In other subjects, financial literacy connections may be made as students learn about their place in the world, as a responsible and compassionate citizen or when they study different economic systems.