diff --git a/activerecord/lib/active_record/schema.rb b/activerecord/lib/active_record/schema.rb
index aba25fb3757ca..0528d17ee7d15 100644
--- a/activerecord/lib/active_record/schema.rb
+++ b/activerecord/lib/active_record/schema.rb
@@ -10,7 +10,7 @@ module ActiveRecord
   #
   # Usage:
   #
-  #   ActiveRecord::Schema.define do
+  #   ActiveRecord::Schema[7.0].define do
   #     create_table :authors do |t|
   #       t.string :name, null: false
   #     end
@@ -30,32 +30,47 @@ module ActiveRecord
   # ActiveRecord::Schema is only supported by database adapters that also
   # support migrations, the two features being very similar.
   class Schema < Migration::Current
-    # Eval the given block. All methods available to the current connection
-    # adapter are available within the block, so you can easily use the
-    # database definition DSL to build up your schema (
-    # {create_table}[rdoc-ref:ConnectionAdapters::SchemaStatements#create_table],
-    # {add_index}[rdoc-ref:ConnectionAdapters::SchemaStatements#add_index], etc.).
-    #
-    # The +info+ hash is optional, and if given is used to define metadata
-    # about the current schema (currently, only the schema's version):
-    #
-    #   ActiveRecord::Schema.define(version: 2038_01_19_000001) do
-    #     ...
-    #   end
-    def self.define(info = {}, &block)
-      new.define(info, &block)
-    end
+    module Definition
+      extend ActiveSupport::Concern
+
+      module ClassMethods
+        # Eval the given block. All methods available to the current connection
+        # adapter are available within the block, so you can easily use the
+        # database definition DSL to build up your schema (
+        # {create_table}[rdoc-ref:ConnectionAdapters::SchemaStatements#create_table],
+        # {add_index}[rdoc-ref:ConnectionAdapters::SchemaStatements#add_index], etc.).
+        #
+        # The +info+ hash is optional, and if given is used to define metadata
+        # about the current schema (currently, only the schema's version):
+        #
+        #   ActiveRecord::Schema[7.0].define(version: 2038_01_19_000001) do
+        #     ...
+        #   end
+        def define(info = {}, &block)
+          new.define(info, &block)
+        end
+      end
+
+      def define(info, &block) # :nodoc:
+        instance_eval(&block)
 
-    def define(info, &block) # :nodoc:
-      instance_eval(&block)
+        if info[:version].present?
+          connection.schema_migration.create_table
+          connection.assume_migrated_upto_version(info[:version])
+        end
 
-      if info[:version].present?
-        connection.schema_migration.create_table
-        connection.assume_migrated_upto_version(info[:version])
+        ActiveRecord::InternalMetadata.create_table
+        ActiveRecord::InternalMetadata[:environment] = connection.migration_context.current_environment
       end
+    end
+
+    include Definition
 
-      ActiveRecord::InternalMetadata.create_table
-      ActiveRecord::InternalMetadata[:environment] = connection.migration_context.current_environment
+    def self.[](version)
+      @class_for_version ||= {}
+      @class_for_version[version] ||= Class.new(Migration::Compatibility.find(version)) do
+        include Definition
+      end
     end
   end
 end
diff --git a/activerecord/lib/active_record/schema_dumper.rb b/activerecord/lib/active_record/schema_dumper.rb
index c97d0899c8313..05aa4d43b40ca 100644
--- a/activerecord/lib/active_record/schema_dumper.rb
+++ b/activerecord/lib/active_record/schema_dumper.rb
@@ -73,23 +73,23 @@ def define_params
         @version ? "version: #{formatted_version}" : ""
       end
 
+      # TODO: Fix dumper
       def header(stream)
-        stream.puts <<HEADER
-# This file is auto-generated from the current state of the database. Instead
-# of editing this file, please use the migrations feature of Active Record to
-# incrementally modify your database, and then regenerate this schema definition.
-#
-# This file is the source Rails uses to define your schema when running `bin/rails
-# db:schema:load`. When creating a new database, `bin/rails db:schema:load` tends to
-# be faster and is potentially less error prone than running all of your
-# migrations from scratch. Old migrations may fail to apply correctly if those
-# migrations use external dependencies or application code.
-#
-# It's strongly recommended that you check this file into your version control system.
-
-ActiveRecord::Schema.define(#{define_params}) do
-
-HEADER
+        stream.puts <<~HEADER
+          # This file is auto-generated from the current state of the database. Instead
+          # of editing this file, please use the migrations feature of Active Record to
+          # incrementally modify your database, and then regenerate this schema definition.
+          #
+          # This file is the source Rails uses to define your schema when running `bin/rails
+          # db:schema:load`. When creating a new database, `bin/rails db:schema:load` tends to
+          # be faster and is potentially less error prone than running all of your
+          # migrations from scratch. Old migrations may fail to apply correctly if those
+          # migrations use external dependencies or application code.
+          #
+          # It's strongly recommended that you check this file into your version control system.
+
+          ActiveRecord::Schema[#{ActiveRecord::Migration.current_version}].define(#{define_params}) do
+        HEADER
       end
 
       def trailer(stream)
diff --git a/activerecord/test/cases/ar_schema_test.rb b/activerecord/test/cases/active_record_schema_test.rb
similarity index 93%
rename from activerecord/test/cases/ar_schema_test.rb
rename to activerecord/test/cases/active_record_schema_test.rb
index c1fee07a153cf..23d3bc6690725 100644
--- a/activerecord/test/cases/ar_schema_test.rb
+++ b/activerecord/test/cases/active_record_schema_test.rb
@@ -37,6 +37,19 @@ def test_has_primary_key
     ActiveRecord::Base.primary_key_prefix_type = old_primary_key_prefix_type
   end
 
+  def test_schema_without_version_is_the_current_version_schema
+    schema_class = ActiveRecord::Schema
+    assert schema_class < ActiveRecord::Migration[ActiveRecord::Migration.current_version]
+    assert_not schema_class < ActiveRecord::Migration[7.0]
+    assert schema_class < ActiveRecord::Schema::Definition
+  end
+
+  def test_schema_version_accessor
+    schema_class = ActiveRecord::Schema[6.1]
+    assert schema_class < ActiveRecord::Migration[6.1]
+    assert schema_class < ActiveRecord::Schema::Definition
+  end
+
   def test_schema_define
     ActiveRecord::Schema.define(version: 7) do
       create_table :fruits do |t|
diff --git a/activerecord/test/cases/schema_dumper_test.rb b/activerecord/test/cases/schema_dumper_test.rb
index 19d339ea15150..339c5266a554c 100644
--- a/activerecord/test/cases/schema_dumper_test.rb
+++ b/activerecord/test/cases/schema_dumper_test.rb
@@ -38,6 +38,11 @@ def test_dump_schema_information_outputs_lexically_ordered_versions
     ActiveRecord::SchemaMigration.delete_all
   end
 
+  def test_schema_dump_include_migration_version
+    output = standard_dump
+    assert_match %r{ActiveRecord::Schema\[#{ActiveRecord::Migration.current_version}\]\.define}, output
+  end
+
   def test_schema_dump
     output = standard_dump
     assert_match %r{create_table "accounts"}, output
diff --git a/guides/source/active_record_migrations.md b/guides/source/active_record_migrations.md
index e53f460f8e82e..4dd3dc9318ff3 100644
--- a/guides/source/active_record_migrations.md
+++ b/guides/source/active_record_migrations.md
@@ -1038,7 +1038,7 @@ If `:ruby` is selected, then the schema is stored in `db/schema.rb`. If you look
 at this file you'll find that it looks an awful lot like one very big migration:
 
 ```ruby
-ActiveRecord::Schema.define(version: 2008_09_06_171750) do
+ActiveRecord::Schema[7.1].define(version: 2008_09_06_171750) do
   create_table "authors", force: true do |t|
     t.string   "name"
     t.datetime "created_at"
diff --git a/guides/source/active_record_postgresql.md b/guides/source/active_record_postgresql.md
index bef77a3918cc1..181636d66a2a7 100644
--- a/guides/source/active_record_postgresql.md
+++ b/guides/source/active_record_postgresql.md
@@ -98,7 +98,7 @@ NOTE: You need to enable the `hstore` extension to use hstore.
 
 ```ruby
 # db/migrate/20131009135255_create_profiles.rb
-ActiveRecord::Schema.define do
+class CreateProfiles < ActiveRecord::Migration[7.0]
   enable_extension 'hstore' unless extension_enabled?('hstore')
   create_table :profiles do |t|
     t.hstore 'settings'
diff --git a/guides/source/upgrading_ruby_on_rails.md b/guides/source/upgrading_ruby_on_rails.md
index 3e84c1a4915b5..f31ffc867dfc2 100644
--- a/guides/source/upgrading_ruby_on_rails.md
+++ b/guides/source/upgrading_ruby_on_rails.md
@@ -388,6 +388,35 @@ You can invalidate the cache either by touching the product, or changing the cac
 <% end %>
 ```
 
+### Rails version is now included in the Active Record schema dump
+
+Rails 7.0 changed some default values for some column types. To avoid that application upgrading from 6.1 to 7.0
+load the current schema using the new 7.0 defaults, Rails now includes the version of the framework in the schema dump.
+
+Before loading the schema for the first time in Rails 7.0, make sure to run `rails app:update` to ensure that the
+version of the schema is included in the schema dump.
+
+The schema file will look like this:
+
+```ruby
+# This file is auto-generated from the current state of the database. Instead
+# of editing this file, please use the migrations feature of Active Record to
+# incrementally modify your database, and then regenerate this schema definition.
+#
+# This file is the source Rails uses to define your schema when running `bin/rails
+# db:schema:load`. When creating a new database, `bin/rails db:schema:load` tends to
+# be faster and is potentially less error prone than running all of your
+# migrations from scratch. Old migrations may fail to apply correctly if those
+# migrations use external dependencies or application code.
+#
+# It's strongly recommended that you check this file into your version control system.
+
+ActiveRecord::Schema[6.1].define(version: 2022_01_28_123512) do
+```
+
+NOTE: The first time you dump the schema with Rails 7.0, you will see many changes to that file, including
+some column information. Make sure to review the new schema file content and commit it to your repository.
+
 Upgrading from Rails 6.0 to Rails 6.1
 -------------------------------------