Financial Literacy for Students Act, 2016 Fedeli, Victor — Bill 69 (41st Parliament, 2nd Session)

Bill 69, 41-2

Ontario — Bills

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Bill 69, Financial Literacy for Students Act, 2016

Fedeli, Victor

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Acts affected

Original

[41] Bill 69 Original (PDF)

Bill 69 2016

Act to amend the Education Act with respect to a comprehensive financial literacy

course

Preamble

firm grasp of personal finance is essential for making independent decisions,

managing debt responsibly and leading a secure and fulfilling life. As students

start their first jobs, use their first credit cards and begin planning for

their future, it is important that they learn how to save and spend

responsibly.

Requiring

school boards to offer a high school course on financial literacy will help to

equip students in Ontario with the skills, knowledge and confidence to make the

right decisions in their own lives and for Ontario's economy.

Therefore,

Her Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

(1) Paragraph

1 of subsection 8 (1) of the Education Act is

amended by adding "subject to subsection (1.1)" at the beginning.

(2) Section 8 of the Act is amended by

adding the following subsection:

Course

of financial literacy

(1.1) The Minister shall require that a

pupil complete the course on financial literacy described in paragraph 7.4 of

subsection 170 (1) as a condition for obtaining a secondary school graduation

diploma.

2. Subsection

170 (1) of the Act is amended by adding the following paragraph:

course

on financial literacy

7.4 provide

a comprehensive course on financial literacy, as determined by the board, at

the Grade 10 level at schools under the jurisdiction of the board;

Commencement

(1) Subject

to subsection (2), this Act comes into force on the day it receives Royal

Assent.

(2) Section 1 comes into force on September

1 immediately following the day on which this Act receives Royal Assent.

Short

title

4. The

short title of this Act is the Financial Literacy for

Students Act, 2016 .

EXPLANATORY

NOTE

The

Bill amends the Education Act to require each

school board to provide a comprehensive course on financial literacy, as

determined by the board, at the Grade 10 level at schools under the board's jurisdiction.

Pupils are required to successfully complete the course as a condition for

obtaining a secondary school graduation diploma.

Date Bill stage Activity Committee

November 16, 2016

First Reading

Carried

Debates and Progress

First Reading

November 16, 2016

Committee

Second Reading

Committee

Third Reading

Royal Assent

Acts affected - Bill 69

Most Ontario public acts are available electronically; to view copies of the Acts to be amended by this bill visit e-laws

Education Act

Legislative Assembly of Ontario

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Document details

Collection	Ontario — Bills
Citation	Bill 69, 41-2
Type	bill
Volume / chapter	p41 s2 bill 69 html
Language	en
Format	html
Source	PROVINCIAL
Identifier	26977adb1fbce3ff4a4add8f286e844ac6f7ed71

Source file is stored in the law ingest library (html).