I’m a strong believer that basic financial literacy should be taught starting in grade school. How to save for retirement, how to purchase a home, owning vs renting, how mortgages and leverage work, interest rates and amortization, taxes, capital gains, equity investing, the power of dividends, and passive income, the principal residence exemption and how TFSA’s and RRSP’s work. Unfortunately very little of this is taught in school even though I consider it to be every bit as important as reading and writing. You're seeing this play out now with our current COVID-19 lockdown and how many people are struggling financially after missing only a few paycheques.