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WATCH: State funeral will be held for Jim Flaherty
Former Federal Finance Minister Jim Flaherty passed away Thursday at his Ottawa home
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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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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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