WATCH: State funeral will be held for Jim Flaherty

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

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

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.

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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. 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.
  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.
  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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