WATCH: State funeral will be held for Jim Flaherty

Former Federal Finance Minister Jim Flaherty passed away Thursday at his Ottawa home

Jim Flaherty, the former federal finance minister will have a full state funeral on Wednesday April 16th.

CBC reported the news on Friday afternoon.

THis comes as Flaherty was fondly and tearfully remembered on Parliament Hill on Friday.

The former finance minister died Thursday at age 64, sending shock waves through the capital and across the land.

As Prime Minister Harper's only finance minister until he resigned less than a month ago, Flaherty helped steer Canada through the world's worst economic crisis since the Great Depression.

Friends and colleagues say Flaherty was looking forward to the next phase of his life that never came.

His death left MP's on all sides of the political spectrum in tears.

RELATED: NEWSTALK 1010's Dave Agar shares his thoughts on Jim Flaherty's legacy

Flaherty's death means it won't be business as usual in the House of Commons, where MP's are expected to forego question period and instead pay tribute to Flaherty.

A rare skin disease put Flaherty on steroids recently, but the condition was not thought to be life-threatening.

The cause of death has not been indicated.

Multiple reports indicate Flaherty died of a massive heart attack, athough that hasn't yet been confirmed.

Prime Minister Stephen Harper is calling the death of former finance minister Jim Flaherty ``an unexpected and terrible shock.''

He added the day was a very sad day for him, his government and the entire country.

Harper offered Flaherty's wife and three sons condolences ``with the heaviest of hearts.''

Jim Oliver, who took over from Flaherty as finance minister, says she's shocked and very saddened -- calling Jim Flaherty an honourable, dedicated and exceptional man who loved Canada.

Opposition Leader Tom Mulcair's voice quavered and he had to squeeze his eyes against tears as he recalled Flaherty as ``a strong, tough character'' and a ``great Canadian.''

The Ontario legislature, where Flaherty sat for a decade, held a moment's silence for Flaherty before recessing for the day.

Flaherty became federal finance minister in 2006 and held that post through cabinet shuffles, economic turmoil and a bout with a rare skin disease that had him on steroids.

He resigned less than a month ago after delivering his spring budget.

The family released the following statement:

Christine Elliot and her triplet sons, John, Galen and Quinn would like to make Canadians aware that her beloved husband and father passed away peacefully today in Ottawa.

We appreciate that he was so well supported in his public life by Canadians from coast to coast to coast and by his international colleagues.

The family asks for privacy at this time.

Flaherty died Thursday at the age of 64
(Sean Kilpatrick/CP)

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  • 29
  1. dama posted on 04/10/2014 02:39 PM
    RIP Jim ..

    64 years old.. too soon.. to be called home

    Good Finance Minister..
    1. Sonny posted on 04/10/2014 05:11 PM
      @dama He ran several years of Deficits adding up to over $160 Billion plus interest that we'll have to pay for a generation...Martin was a Great Finance Minister...
    2. Mark posted on 04/12/2014 06:17 AM
      @Sonny Oh,, sorry idiot. I guess you had your head up your ass because it's well known that his last budget cleared the deficit.
  2. Dawn posted on 04/10/2014 02:43 PM
    Rest In Peace. I thought it was strange that he stepped down as Finance Minister but continued to sit as an MP. His health was a problem which is why he was taking steroids... which may have led to his heart attack?
    1. Sonny posted on 04/11/2014 05:41 PM
      @Dawn Heard that he is getting a state funeral even though he is not a siting minister?! I just want those of you who are under 55 to remember he change your retirement eligibility to 67.
  3. tanjo posted on 04/10/2014 03:04 PM
    He was one of the "good guys" in politics.

    Sucks. Sucks. SUCKS!

    My prayers go out to the family.
  4. Mark7 posted on 04/10/2014 03:10 PM
    Thank god, one less Harperite. We need more people like Rob and Doug Ford in Ottawa to respect us taxpayers.

    1. kenfromcanada posted on 04/10/2014 03:25 PM
      @Mark7 If I didn't think you were the same poster as donny p(utz), no doubt now. You will get what you so sadly crave with this asinine (look up the big word) post.

      Pathetic life you must lead.
    2. Karl Burgin posted on 04/10/2014 03:30 PM
      @Mark7 Neither the time or the place.
      Have some respect.
    3. SojBee posted on 04/10/2014 04:09 PM
      @Karl Burgin Agreed! In poor taste!
    4. Angry Bill posted on 04/10/2014 04:16 PM
      @Mark7 Gain some knowledge, and some class while you're at it, before commenting.
    5. Mark7 posted on 04/10/2014 08:10 PM
      @Karl Burgin you of all people will defend the right to post an opinion in the comment section. You say some incredibly stupid stuff and I always defend you. You always say that every one is entitled to their opinion so why are you being stupid now?

      They say that you should only speak good of the dead...Flaherty is dead...good!
    6. Mike posted on 04/11/2014 12:42 AM
      @Mark7 @ Mark 7-A right to be heard for opinions are good even if there are differences. It is civilized to learn as a society to agree to disagree while maintaining respect for each other. Whatever happened to you in the past is so sad that has made you this angry, disrespectful and unsympathetic even when a family is experiencing a great loss. You enjoy bashing people when the truth doesn’t come your way. Your way or the highway. Your way or you bash them. How do you teach your kids to be a great people when they rise on occasions while continue to be humble and gracious to the competitor. That or maintain their integrity when they loose (as simply one cannot win all the time). Compassion is a great virtue. Something clearly – everyone cannot see in your manner of speaking. You sound quite illiterate. I’ve met many men or high education and not without education. The one that is always most respected is the one who is always gracious, kind and giving. Not the one who speaks with strife.
    7. Karl Burgin posted on 04/11/2014 09:57 AM
      @Mike The fact is MIKE, that's not really MARK7- its someone posting as him- because he's too cowardly to use his own ID. And reasoning won't work.
      His response to me is a facetious one, with a tinge of having a mocked tone. Don't waste your energy trying to convince him- he is too far gone. And God help us if he has kids- I would feel sorry for them the most. But I highly doubt that he has any offspring.
      Even on a regular day, most ignore him. But on the day when a noble politician's life is cut unexpectedly short- especially one who has garnered so much honour and respect, that is the time you shut up and salute.

      If fake MARK7 isn't even capable of doing that, then the best course of action is to just shun him.
    8. Mark7 posted on 04/11/2014 10:04 AM
      @Karl Burgin Yes, it is the real me...just wondering what you would post if David Miller or Olivia Chow died...I suspect you'd be saying good riddance!

      Whatever you think, Flaherty was just a Harperite, Harper who is now being compared to Canada's Richard Nixon.
    9. john posted on 04/11/2014 11:17 AM
      @Karl Burgin i agree neither the time or the place.
      sounds like the same asshole that made fun of the war vets on remembrance day . good thing this asshole is the only one who is on this post . ( i hope ) . JIM was a good man . the only politician i ever liked even more then Harper . this jackass dos not understand is that if it was not for him this country would be worse then the USA . as in bankrupt . as in Detroit . as in rescission . as a fellow Irishman see u in heaven . and R.I.P.
  5. john posted on 04/10/2014 03:10 PM
    R.I.P. u have been the best ever hope u are in heaven R.I.P .
  6. kenfromcanada posted on 04/10/2014 03:23 PM
    It is so often the case, we don't realize the magnitude of a loss till we look at the person in hind-site. In 2008 Canada had the 110% right man in the job of Finance Minister when the recession hit.
    Steering us thru the maelstrom and coming out in better shape than ANY other G7(8) country - was ours. The other big loss is what - even in the private sector - this man could have done for Canada over the next decade or two.

  7. Karl Burgin posted on 04/10/2014 03:28 PM
    Canada has truly lost a star today.
    My condolences to his family.

    RIP Mr. Flaherty. You will not be forgotten.
    1. Mark posted on 04/11/2014 04:36 PM
      @Karl Burgin The same wouldn't be true for you. Not a single person would notice if you died, and nor are you a star at anything except as a example for the perils of severe childhood malnutrition.
  8. Frankie posted on 04/10/2014 04:02 PM
    We Canadians are very fortunate to have had Jim Flaherty as Finance Minister. He was one of the best this country has ever seen. By all accounts he was also a very smart and decent person. Canada is a little worse off today.

    Condolences to his family on this terrible tragedy.
  9. SojBee posted on 04/10/2014 04:08 PM
    So very sad indeed!! Wow, What an incredibly positive impact he had on our personal financial well being, and as a nation since 2007. Will be sorely missed indeed!!

    RIP Sir...
    1. Peter posted on 04/10/2014 04:18 PM
      @SojBee Paul Martin was arguably one of our best Finance Ministers, the only one that balanced the budget and began to pay off the deficit. Stephen Harper's policy of reckless spending to buy votes (gazebos, disastrous stimulus packages, tax cuts for the rich, bailouts, etc.) destroyed everything he did. Flaherty was a nice guy but he politicized the finance portfolio.
    2. NICHOLS posted on 04/10/2014 04:57 PM
      @Peter Neither the time nor the place, given his sad, tragic death, the life he Gave to Canada, the Canadian People while sacrificing his personal and family time.... Can I ask, are you completely blind to the fact that Martin Lead this country's finances through the most prosperous times ??? Financially the times leading up to the Recession are always flourishing... Sorry but any monkey could of lead Canada through the best financially viable times... Put a Hero in like Flaherty during the worst of times and that is the measure of man. Never compare yourself to the worst in your class, always the best, your parents should have taught you that... shame.
    3. Angry Bill posted on 04/11/2014 09:52 AM
      @Peter You realize, do you not, that Martin balanced his budget on the backs of the provinces? He wiped everything off of HIS desk, and dumped it onto the provinces' desk. Then he stood there and said, "Look, MY desk is clean! Look at me!" Is that the way you like your budgets balanced? Really? That, to you, is being a good finance minister? I'm frankly not surprised you vote liberal.
    4. Karl Burgin posted on 04/11/2014 10:00 AM
      @NICHOLS I do appreciate that you didn't necessarily see eye-to-eye with the man. But you can critique his failings afterward.

      I never really did see eye-to-eye with Jack Layton either. But the day he died, I didn't feel like picking him apart because of his failings either. I was just as saddened to see him go rather pre-maturely. And we have to start putting the good politicians we do have on a pedestal.

      As you can see- we don't have that many to begin with.
    5. john posted on 04/11/2014 11:27 AM
      @Peter Paul Martin now theirs a scum bag i like to see go . Harper did not waste money on stuff . u are getting it confused with mc dickhead and Katleen Wynne . thay wasted more money then of them combine .
    6. Peter posted on 04/11/2014 11:46 AM
      @john Is your head zippered up the back? Forget all those gazebos up north?, the fake lake?, the wasted stimulus dollars that went nowhere?, the bailouts for companies that weren't bankrupt?, the senate scandal?

      And much much more. Harper and Flaherty defined the gravy train, spent our money with abandon...just look at the deficit and debt after Harper took over.

      WE NEED ROB FORD IN Ottawa!!!!
  10. M. MacLeod posted on 04/10/2014 04:14 PM
    Jim was one of those politicians who instilled confidence in Canadians; regardless of your political leaning. His public persona was as much 'Captain Canada' as anyone else who deserved that title.
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