Does University of Toronto give transfer credit for IB Economics HL?
Toronto, ON
Yes, Transfer Credit Available!
Minimum Grade Required
Credit Granted
ECO1**Y (1.0 credit)
💡Expert's Take
What a 5 in Economics HL buys at St. George is generic breadth credit, not an economics equivalency. The unspecified ECO1**Y adds to your overall degree credits and fills Breadth Requirement 3 (Society and Its Institutions), often the hardest breadth category for students in science and math-heavy programs to cover, but it is not an equivalent to ECO101H1 or ECO102H1 and does not open any economics course or program. This award comes from the Faculty of Arts & Science chart, and transfer-credit policy at U of T is division-specific: the Faculty of Applied Science & Engineering awards no IB transfer credit at all.
Because the award is unspecified rather than a named course equivalency, Arts & Science lets you keep the credit and still take first-year economics for full degree credit; equivalent courses taken after a secondary-school transfer credit are not treated as repeated courses. That removes any reason to give up this credit for the sake of graded first-year marks. Those marks still matter on their own: the Economics Major and Minor require 63% in ECO101H1 and ECO102H1, or 80% in ECO105Y1, and Rotman Commerce admission for students without an admission guarantee also requires RSM100H1 or MGT100H1 at 67%, an average of at least 73% across the prerequisite courses, and a supplemental application, with no guarantee of admission at the minimums.
What to watch for:
- St. George records results on a rolling timetable, not a hard July 31 cutoff. Results the IB sends by the end of July are added to your record by the end of August; results arriving by the end of August are recorded by the end of September; after that, contact the Faculty. Results must reach University Admissions directly from the IB, not from your school.
- The 3.0 cap. Arts & Science grants a maximum of 3.0 transfer credits across all secondary-school curricula combined, and Economics HL uses 1.0 of it. Whether that is the best use depends on your program and your other HL results; it is an individual planning question, not a fixed ranking.
- Forfeiture exists but is permanent. St. George handles it with a Secondary School Transfer Credit Forfeit Form sent to your College Registrar's Office, suggests deciding at the end of first year, and will not reinstate a forfeited credit. Given the repeated-course rule above, forfeiting is rarely necessary.
Other campuses assess this subject separately. UTM awards SSC1**Y with an explicit note that the credit is not acceptable towards any Economics program, and UTSC awards two MGEA**H3 half credits. Both campuses set a firm July 31, 2026 results deadline for Fall 2026 entry, and each runs its own opt-out process: UTM uses an irreversible request to mark credit as Extra (deadline May 31 of the year after admission), while UTSC accepts forfeiture requests by email until October 31, 2026. Details are on our UTM Economics HL page and UTSC Economics HL page.
Official award line (IB Economics HL, Faculty of Arts & Science, St. George):
Minimum score: 5
Credit granted: ECO1**Y (1.0 credit), subject area Intro (BR=3)
SL: no credit; Arts & Science awards secondary-school transfer credit for Higher Level exams only.
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Your Potential Savings
Credit Awarded
1
1.0 credit (FCE); one full course
Full-time program-fee billing can make the immediate saving $0 unless transfer credit reduces a billed term or total time to completion.
Ontario Resident
~$1,220-$3,180/1.0 FCE
~$1,220 - $3,180
Potential Tuition Value
(Arts and Science to Rotman Commerce)
Out-of-Province
~$1,522-$3,974/1.0 FCE
~$1,522 - $3,974
Potential Tuition Value
International
~$13,222-$15,030/1.0 FCE
~$13,222 - $15,030
Potential Tuition Value
(varies by faculty)
*2026-27 tuition-only rates per 1.0 FCE (annual program fee divided by 5.0 FCE). Values assume the award replaces tuition you would otherwise pay. Actual cash savings can be $0 under flat-rate or full-time billing unless credit reduces a billed term or time to completion.
📊 Compare Economics HL at Other Universities
See how Economics HL transfer credits compare across Canadian universities. Click column headers to sort.
| University | Min Grade | Credit Granted | Tuition Value | ||
|---|---|---|---|---|---|
| Carleton UniversityOttawa, ON | 5/7 | ECON 1001 + ECON 1002 (1.0 credit) | View estimate | → | |
| Concordia UniversityMontreal, Quebec | 4/7 | 9 transfer credits toward the 120-credit Extended … | View estimate | → | |
| Dalhousie UniversityHalifax, NS | 5/7 | Economics 1101.03 + Economics 1102.03 = 6 credit h… | View estimate | → | |
| Lakehead UniversityThunder Bay, ON | 5/7 | Economics 1100 (1.0 credit) | View estimate | → | |
| McGill UniversityMontreal, QC | 5/7 | ECON 1XX (6 credits) | View estimate | → | |
| McMaster UniversityHamilton, ON | 5/7 | Economics 1B03 and 1BB3 | View estimate | → | |
| Memorial University of NewfoundlandSt. John's, NL | 4/7 | Economics 1010 + 1020 + three unspecified credit h… | View estimate | → | |
| Ontario Tech UniversityOshawa, ON | 5/7 | Transfer credit, grade "T" (unspecified/elective, … | View estimate | → | |
| Queen's UniversityKingston, ON | 5/7 | ECON 110 (6.0 units) | View estimate | → | |
| Simon Fraser UniversityBurnaby, BC | 5/7 | SFU ECON 103 (4), Q/B-Soc; SFU ECON 105 (4), Q/B-S… | View estimate | → | |
| Toronto Metropolitan UniversityToronto, ON | 5/7 | ECN 104 and ECN 204 | View estimate | → | |
| University of AlbertaEdmonton, AB | 6/7 | ECON 101 (3 units) + ECON 102 (3 units) | View estimate | → | |
| University of British ColumbiaVancouver, BC | 5/7 | ECON_V 1st-year level (6 credits) | View estimate | → | |
| University of CalgaryCalgary, Alberta | 5/7 | ECON 201 and ECON 203 | View estimate | → | |
| University of GuelphGuelph, ON | 5/7 | ECON 1050 (0.50 credits) | View estimate | → | |
| University of ManitobaWinnipeg, MB | 4/7 | ECON 1010 Introduction to Microeconomic Principles… | View estimate | → | |
| University of New BrunswickFredericton & Saint John, NB | 5/7 | Saint John: ECON 1013 & ECON 1023 Fredericton: 100… | View estimate | → | |
| University of OttawaOttawa, ON | 5/7 | ECO 1102 + ECO 1104 (6 units) | View estimate | → | |
| University of ReginaRegina, SK | 5/7 | ECON 100 - Introduction to Economic Issues (3 cred… | View estimate | → | |
| University of SaskatchewanSaskatoon, SK | 5/7 | ECON 111.3 + ECON 114.3 = 6 credit units | View estimate | → | |
| University of VictoriaVictoria, BC | 4/7 | ECON 103 (1.5 units) and ECON 104 (1.5 units) | View estimate | → | |
| University of WaterlooWaterloo, ON | 5/7 | ECON 1XX (0.5 units), elective credit | View estimate | → | |
| University of WindsorWindsor, ON | 5/7 | ECON-1100 + ECON-1110 (Intro to Economics I & II) | View estimate | → | |
| Western UniversityLondon, ON | 5/7 | Economics 1021A + 1022B (1.0 credit) | View estimate | → | |
| York UniversityToronto, ON | 5/7 | AP/ECON 1000 3.0 + AP/ECON 1010 3.0 (6 credits) | View estimate | → |
Tip: Open a university to compare same-province, out-of-province, and international tuition values. Flat-rate or full-time billing can make the immediate cash saving $0.
Taking more than Economics HL?
Add all your IB subjects and predicted scores to estimate your total transfer credit across Canadian universities, side by side.
Other IB Subjects at University of Toronto
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Data Disclaimer
This information is compiled from University of Toronto official sources and verified community reports. It is NOT a substitute for official academic advising. Always confirm with your advisor before making decisions.
Last updated: August 2026
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