SAF, with the support of Genworth Canada, offers high school students the opportunity to develop confidence and competence in making financial decisions by providing supports and resources to prepare students to test and challenge their knowledge of personal finance and wealth management by participating in the Financial Literacy Competition (FLC).
The FLC has been developed in collaboration with Business Studies teachers within the Waterloo Region and Waterloo Catholic District School Boards.PLEASE NOTE: OUR RULES AS WELL AS AWARDS, RECOGNITION AND PRIZING ARE REVIEWED AND UPDATED ANNUALLY AND ARE MADE AVAILABLE IN SEPTEMBER EACH YEAR.
Contest format and participants
- 60 questions (primarily multiple choice, short answer, match/sort/rank)
- 60 minutes
- Delivered and written online from the comfort of your school and classroom
- The December 2019 competition will take place on December 4, 2019 and must be completed between 8am and 4pm ET on that day. The May 2020 competition will take place on May 13, 2020 and must be completed between 8am and 4pm ET on that day.
- Questions will be based on the following topics:
- Income Management and Budgeting
- Home Ownership
- Post-secondary Education Financing
- Ethics and Financial Safety
- Resources will be made available to students and their teachers to prepare to challenge the contest
The FLC is open to Grade 9,10 and 11 students enrolled in a Canadian high school (excluding Quebec). Enrolment (or prior completion) of a business course is recommended but not required.
Awards and recognition
All students who challenge the FLC will receive a Certificate of Achievement. Junior students (Grades 9 and 10) must complete 50 of the 60 questions within the allotted time to receive this certificate. Senior students (Grade 11) must complete all 60 questions within the allotted time to receive this certificate. The certificate will recognize four levels of achievement – gold, silver, bronze and participant.
Teachers will receive a ranked listing of their individual student participants and an overall school ranking. School rankings are based on an average score of all participants who received a Certificate of Achievement (minimum of 10 eligible student participants required to receive a school ranking).
Top performing students and schools:
- The top junior student and the top senior student, based on individual grade, will be awarded and recognized through prizes and awards. Their teacher will also be identified and recognized.
- An honour roll (top 10) of junior students and an honour roll (top 10) of senior students, based on individual grades, will be recognized through prizes and awards.
- The top performing school, based on average score determined by dividing the total score of all participants divided by the number of participants, will be recognized through prizes and awards. A minimum of 10 participants is required to be considered for this recognition.
- An honour roll (top 3) of schools, based on average score determined by dividing the total score of all participants divided by the number of participants, will be identified. A minimum of 10 participants is required to be considered for this recognition.
- See the Complete Contest Rules for specific details of the prizes, eligibility requirements and conditions.
Registration and enrolment
While we welcome and encourage participation in our competition to support deeper learning of financial literacy concepts, we also offer some general resources to support classroom learning, to develop a student’s skills and knowledge to make responsible financial decisions with competence and confidence, and to inspire further studies in the areas of business, accounting and finance. You can access these resources at http://uwsaf.mapleserver.com/uwsaf/. These resources are always available and no registration is required.
To access additional competition preparation resources and challenge the FLC, registration is required. Secondary School teachers must first register their school and class in order to receive a unique access code that will allow individual students to register. Students will use that code to create their own unique login. Once registered, teachers and students can work together to prepare to challenge the FLC.
You can register your class for the competition at https://uwsaf.mapleserver.com/uwsaf/. Please take note of the registration deadlines. Teachers must register their class or club by 11am ET on the Friday before the competition. Students must register by 5pm ET on the day before the competition.
Teachers are responsible for distributing their unique class access code to students who meet the eligibility requirements for the competition and who are members of their school. Teachers must notify the School of Accounting and Finance at email@example.com immediately if they become aware of unauthorized access or a student’s situation changes and they are no longer eligible.