Date of Birth: December 30, 1949
Zodiac Sign: Capricorn
Date of Death: April 10, 2014
Biography
James Michael “Jim” Flaherty was a prominent Canadian politician who served as the Minister of Finance from 2006 to 2014. Born in Lachine, Quebec, Flaherty grew up in Ontario and was educated at Princeton University and Osgoode Hall Law School. He began his political career in the Ontario legislature, serving as Minister of Labour and later as Minister of Finance and Deputy Premier under Premier Mike Harris. In 2006, Flaherty was elected to the House of Commons of Canada and was appointed as the Minister of Finance by Prime Minister Stephen Harper. During his tenure, he was instrumental in managing Canada’s economy through the global financial crisis of 2008-2009, implementing stimulus measures that helped Canada recover more quickly than many other countries. Flaherty was also known for introducing the Tax-Free Savings Account (TFSA) and for his efforts to reduce the federal deficit. Flaherty’s career was defined by his dedication to public service and his pragmatic approach to economic policy. He resigned from his position as Minister of Finance in March 2014 due to health concerns and passed away suddenly a month later.
5 Interesting Facts about Jim Flaherty
1. Flaherty was one of the longest-serving finance ministers in Canadian history.
2. He was a key figure in the introduction of the Registered Disability Savings Plan (RDSP) to help Canadians with disabilities save for the future.
3. Flaherty received the Euromoney Finance Minister of the Year Award in 2009 for his effective handling of the economic crisis.
4. He was known for his distinctive green ties, which he often wore as a nod to his Irish heritage.
5. Before entering politics, Flaherty practiced law and was a founding partner of the firm Flaherty Dow Elliott & McCarthy.
5 Most Interesting Quotes from Jim Flaherty
1. “We are all in this together, and the global economy will only recover if we act together.”
2. “I believe in lower taxes, less government, and more freedom.”
3. “Our government will not raise taxes on Canadian families.”
4. “We have to be prudent, we have to be responsible, and we have to be compassionate.”
5. “My goal has always been to leave this country in better shape than I found it.”
Highest Net Worth Achieved
At the peak of his career, Jim Flaherty’s net worth was estimated to be around $5 million CAD.
Children
Jim Flaherty and his wife Christine Elliott had three children: triplet sons John, Galen, and Quinn Flaherty.
Relevant Links
1. [Jim Flaherty – Wikipedia](https://en.wikipedia.org/wiki/Jim_Flaherty
3. [Jim Flaherty’s Legacy – Maclean’s](https://www.macleans.ca/politics/ottawa/jim-flahertys-legacy/
4. [Jim Flaherty’s Obituary – CBC](https://www.cbc.ca/news/politics/jim-flaherty-obituary-1.2605574
