The Ontario government on Thursday morning unveiled a set of reforms to the high school diploma, marking the first major overhaul of Ontario's high school diploma since 1999. This province has introduced several new requirements, including the new graduation requirements. To ensure that students graduate with practical financial literacy skills, students must pass a "Financial Literacy" test. This test ensures that students have the skills and knowledge to create and manage a family budget, save, invest wisely, and protect themselves. against financial fraud.

Starting in 2025, students must score 70 or higher on the financial literacy test in the 10th grade math class to be able to graduate.

"Many parents, employers and students themselves tell me that students are graduating without adequate financial literacy and basic life skills," said Education Minister Stephen Leche. "By raising life skills in the classroom, along with better job training and higher math standards for educators, we are setting all students up for continued success, getting better jobs and better salaries."

New teachers are also affected by these changes. Beginning in February 2025, teacher applicants to the Ontario College of Teachers will be required to take a math proficiency test.

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