MapleMoney is proud to offer the annual MapleMoney Financial Literacy Scholarship of $1,000. Topics are chosen based on the themes of each year’s Financial Literacy Month, which is coordinated by the Financial Consumer Agency of Canada.

First announced on stage from the Millennials on the Money event held at Heritage Hall on the SAIT campus, the MapleMoney Financial Literacy Scholarship was created to encourage young Canadians to improve their financial literacy.

This scholarship is part of our pledge to give 5% of Drake Media Inc. profit to causes that help improve the personal finances of Canadians.

Who Qualifies

All applicants must be a Canadian citizen actively enrolled at an accredited two or four year college or university in Canada or the United States on a full-time basis for the 2020-2021 academic year.


  • Submissions accepted starting November 20th, 2019
  • Submissions deadline is October 1st, 2020, 11:59 PM ET
  • Winner notification: November 1st, 2020


To enter, please submit an essay of at least 1,500 words but no more than 3,000 words, in English, answering one of the following around the theme of “Take charge of your finances: It pays to know!”

  • How to achieve financial well-being
  • Ways to live within your means
  • How to manage money for student life
  • How to teach children about money
  • Know your financial rights and responsibilities

Please also include your major, anticipated graduate date (month/year), and mailing address.

In addition to your essay, please submit proof of enrolment such as a letter from your college stating you have been accepted to attend school for the next semester. (a photo of the letter is sufficient)

Submission Form

  • Drop files here or
    Accepted file types: jpg, png, pdf, doc, docx, Max. file size: 10 MB.

    Scholarship Committee

    The scholarship committee will choose three finalists and a winner based on the above criteria. Finalists may have their name and work published on, at our discretion. Your submission includes this consent.

    This year’s committee consists of:

    • Rob Carrick, personal finance columnist at The Globe and Mail
    • Jim Yih, retirement expert at Retire Happy
    • Tom Drake, founder of MapleMoney

    Scholarship Award

    MapleMoney Financial Literacy Scholarship PosterThe scholarship committee will select one winner for the $1,000 CAD scholarship – which will be awarded in the form of a cheque made out to the winner. The winner will be notified by email and announced on our website.

    Help Spread the Word

    Know someone that’s perfect for this scholarship? Share this page with them!

    You can also print the poster on the right to share with a student or post at school.