How to Set up a Grading Scheme
Introduction
You can create or enable an existing grading scheme for your course by editing your Course Settings. Instructors can manage the grading schemes and find a new scheme at any time.
Tutorial
In Canvas, grading schemes are built based on percentage ranges, and each percentage range is assigned a name value. You can create any type of grading scheme by editing the name and percentage range for each item. When enabling a grading scheme for a course, the grading scheme is applied to the students' final grades in addition to the overall percentage.
Change a Canvas Grading Scheme from Photo Teacher Blog on YouTube
More Info
Need more information? Check out these Canvas Guides!