Ontario’s Financial Literacy Graduation Requirement (FLGR), Explained
The rule in plain language for parents, students and teachers: who has to meet it, how it is marked inside Grade 10 Career Studies, who is exempt, and where to practise before the attempt. Every rule on this page comes from ontario.ca.
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Short answerOntario’s Financial Literacy Graduation Requirement (FLGR) applies to students who began Grade 9 in 2025–2026 or later. They meet it inside compulsory Grade 10 Career Studies, through TVO learning modules and test questions: a pass is 70% or more, a student has up to 2 attempts, and the result is 5% of the Career Studies grade.
It is needed for the Ontario Secondary School Diploma (OSSD), it is recorded on the Ontario Student Transcript once met, and from September 2028 every student completes it (ontario.ca, updated 14 October 2026).
Check yourself: 14 practice questions →A 5-hour practice session in Ottawa →
Looking for the test itself? Our guide to the TVO financial literacy test covers the format, the dates and the seven topics. After an attempt: results, the second attempt and retake options.
Every row is taken from the Ontario page on financial literacy education in schools, updated 14 October 2026, and the Ontario Schools policy on diploma requirements.
Who has to meet the requirement
The first cohort is every Ontario student who entered Grade 9 in 2025–2026 or later. Most of them meet the requirement when they take Grade 10 Career Studies, starting in the 2026–2027 school year. From September 2028 the requirement applies to every student working toward the OSSD.
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;
- students who enroll in an Ontario school in Grade 11 or 12 from outside Ontario, if the principal grants the Grade 9 and 10 credits, including Career Studies, through the equivalency process.
In extenuating circumstances, including a student close to graduation, Ontario allows the requirement to be met through an adjudication process.
How it works inside Career Studies
The requirement is a set of learning modules and test questions that TVO developed for the province. It assesses core financial-literacy concepts from the Grade 1 to 9 curriculum and sits inside the compulsory Grade 10 Career Studies course.
- The date: in the first week of the course, the school tells families when the attempt will happen.
- Online or remote Career Studies: unless the course has secure online proctoring, the student attends in person on the day, at their own school or another school the board names.
- The result: results and next steps reach families within 5 days of each attempt. A result under 70% comes with the date of the second attempt.
What the modules cover
TVO names seven topics: budgeting, interest rates, earning and saving, taxes, credit and debt, consumer awareness, and financial fraud. Teenagers meet all seven quickly in real life: a first paycheque, a phone plan, a credit-card offer, a scam message. For the format of the test, the question types and a checklist for each topic, see our guide to the TVO financial literacy test.
If a mark comes in under 70%
A first result under 70% leads to a second attempt in the same course, and the highest of the two marks counts. After a second result under 70%, the school recommends one of three options Ontario sets out: a supervised attempt outside the course, extra instructional support, or a set of TVO learning activities available from February 2027. The options stay open until the requirement is met. The full sequence, step by step, is in our guide after the attempt: results, second attempt and retake options.
Ways to practise before the attempt
The school names the date in the first week of Career Studies, so the weeks before it are the time to practise. Three ways in:
- 14 practice questions with worked answers, two for each of the seven topics TVO names, with a score sheet showing what to review.
- A prep checklist for each topic, with the format of the test in one table.
- An open Life Capital session in Ottawa and Eastern Ontario: five hours from 13:00, usually at a weekend, for teens from 14 and adults, with up to eight players at a table. A date is agreed in the reply to your enquiry. From 1 November 2026 a seat is CAD 200, CAD 150 each for a pair, and CAD 1,000 for a whole table.
Ask for an open-session date →What a seat costs →
Where Life Capital fits
Life Capital is a facilitated board simulation. Over five hours at one table, each player takes a first job, budgets, borrows, saves, invests and deals with an emergency, writes every decision in a paper ledger, and then reads that ledger aloud in the debrief. The requirement, the TVO modules and the mark belong to the school and the province. A session adds 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.
For schools and educators
For schools, Life Capital runs a school club across the school year: shorter theory meetings, and full 5-hour simulations where the theory is practised. Several tables can play at once, and club teams can go on to the national tournament.
The school club for Career Studies classes →Workshops in Ottawa →
Official Ontario sources
Questions about the requirement
What is Ontario’s Financial Literacy Graduation Requirement?
It is a condition of the Ontario Secondary School Diploma from the 2026–2027 school year: eligible students complete TVO-developed learning modules and test questions inside compulsory Grade 10 Career Studies and need at least 70%.
Who has to complete the requirement?
Students who entered Grade 9 in the 2025–2026 school year or later, apart from the exemptions Ontario sets out. From September 2028 every student completes it.
What mark does a student need, and how many attempts are there?
At least 70% on the modules, with up to two attempts during the Grade 10 Career Studies course. If there is more than one attempt, the highest mark counts.
How much is the requirement worth in Career Studies?
The result counts for 5% of the final Grade 10 Career Studies grade. A student who has already met the requirement or is exempt does not carry that 5% in the course mark.
Who is exempt from the financial literacy requirement?
Students who took Career Studies before 2026–2027; students who took a locally developed Grade 9 Mathematics course in place of MTH1W before September 2027; and students who enter an Ontario school in Grade 11 or 12 from outside Ontario and are granted the Grade 9 and 10 credits, including Career Studies, through equivalency.
Is there a certificate for the financial literacy requirement?
Ontario records the requirement on the Ontario Student Transcript once it is met. It stays met even if the student has to take the Career Studies course again.
What does FLGR stand for?
FLGR is the abbreviation TVO uses for the Financial Literacy Graduation Requirement in Grade 10 Career Studies (course code GLC2O).
How does Life Capital relate to the TVO modules?
Life Capital is an independent, in-person simulation. The TVO modules, the attempt and the mark stay with the school and the province; a Life Capital session gives practice at the budgeting, credit, saving and risk decisions behind the topics.