Preparing for Ontario’s Grade 10 Financial Literacy Assessment
What a parent or a student can expect around the attempt: the date the school names, the two tries, the 70% mark, and every option Ontario sets out if a result comes in under it.
Version française · The rule itself, in plain language
What the school tells you, and when
During the first week of the Grade 10 Career Studies course, the school tells families the date on which their child will attempt the financial literacy graduation requirement. Results and next steps follow within five days of each attempt, and once the requirement is met it is added to the Ontario Student Transcript.
The numbers a family needs
- Pass mark: at least 70% on the TVO modules.
- Attempts: up to two during the Career Studies course.
- Which mark counts: the highest one, if there is more than one attempt.
- Weight: 5% of the final Career Studies grade.
- Already met or exempt: the 5% is left out of the course mark.
What the modules cover
Ontario states that the requirement assesses core financial-literacy concepts from the Grades 1 to 9 curriculum. The province’s own learning-at-home material names the everyday ground those concepts sit on: designing a budget; loans, credit and investment options; the pros and cons of different bank accounts and credit cards; and protecting yourself from financial fraud.
Between the first attempt and the second
A family whose child does not reach 70% on the first attempt receives the result and the date of the second attempt. Ontario names two things a student can do in between: review extra resources on TVO Learn, and get help and supports through the school.
If the second attempt is under 70%
Ontario sets out the options that follow, and the school recommends one of them:
- attempting the modules again outside the Career Studies course, supervised by a school staff member;
- additional instructional support before trying again;
- a set of financial-literacy learning activities developed by TVO and administered by the school or by TVO, available from February 2027.
A family can meet the principal to discuss the recommendation, and must choose an option and give its decision within five days. These options stay available until the requirement is met. In extenuating circumstances, including a student close to graduation, the requirement can be met through an adjudication process.
If the course itself is not passed
A student who does not pass Grade 10 Career Studies and does not meet the requirement takes the course again, with two new attempts. Once the requirement is met it is recorded on the transcript and stays met, whatever happens to the course mark.
Career Studies online or remote
Unless the course includes online proctoring with security and integrity, a student attends in person on the day the modules are administered, at their home school or another school the board names. The board sets the time and place and tells families at the start of the course.
Who is exempt
- students who took Career Studies before the start of the 2026–2027 school year;
- students who take a locally developed Grade 9 Mathematics course in place of MTH1W before September 2027 — from September 2028 every student completes the requirement;
- students who enroll in an Ontario school in Grade 11 or 12 from outside Ontario, if the principal grants Grade 9 and 10 credits through the equivalency process, including the Career Studies credit.
Where Life Capital fits
Life Capital is a facilitated board simulation: five hours at a table, a Trainer and a Banker, one paper ledger per player, and a debrief in which every player reads their own ledger. The assessment, the TVO modules and the mark belong to the school and the province. What a session adds is practice at the decisions behind the topics — a budget that has to survive a month, a loan whose interest shows up later, an emergency that lands on a plan.
The program for teens →Workshops in Ottawa →What a seat costs →
Sources
No reply after two business days means the message did not reach us. Write to info@lifecapital.ca or call +1 613 621 1261.
Questions people ask before booking
When will my child attempt the financial literacy requirement?
During the first week of the Grade 10 Career Studies course, the school tells families when the attempt will happen. Ontario’s policy places the first attempt around weeks 3 to 5 of the course and the second around weeks 6 to 7.
What mark does a student need, and how many attempts are there?
At least 70% on the TVO modules, with up to two attempts during the Career Studies course. If a student attempts more than once, the highest mark is the one that counts toward the course grade.
How much of the Career Studies grade does it carry?
The modules count for 5% of the final Grade 10 Career Studies mark. A student who has already met the requirement or is exempt does not carry that 5% in their course mark.
What happens between the first and the second attempt?
Families receive the result and the date of the second attempt within five days. Before that second attempt, a student can review extra resources on TVO Learn and get help and supports through the school.
What if the second attempt is under 70%?
The school recommends one of the options Ontario sets out: attempting the modules again outside the course under staff supervision, additional instructional support before trying again, or a set of TVO learning activities available from February 2027. Families choose within five days and can meet the principal first. The options stay open until the requirement is met.
Does the Career Studies course have to be passed as well?
A student who passes neither the course nor the requirement retakes Career Studies and gets two new attempts. Once the requirement is met it is recorded on the Ontario Student Transcript and does not have to be done again, even if the course itself is not passed.