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Jim Flaherty served as Canada’s minister of finance from
2006-2014, making him the longest-serving finance
minister among the Group of 7 (G7) economies.
His leadership helped Canada overcome the most
serious global financial crisis since the Great Depression.
Despite the colossal economic downturn, Canada will
have a balanced budget years before other G7 nations,
with low debt and low taxes. Canada is currently the
best-managed major economy and, in study after study,
has been chosen as one of the best places in the world
in which to live. Thanks, Jim.
He was also a good friend to the Canadian Snowbird
Association, supporting CSA initiatives on both
provincial and federal levels. In 2012, as Canada`s finance
minister, he reversed a Canada Revenue Agency decision
to deny tax deductions for most travel insurance policies.
The increased costs which this brought caused a great
deal of anxiety for our membership and, with the help of
Minister of Revenue Gail Shea, the problem was fixed in
a week.
While most Canadians will best remember his steady
hand in turbulent times, those who knew him best,
in all areas of the political spectrum, knew him as a
true friend with a wonderful sense of humour. He said
what he meant and he meant what he said but, at the
end of the day, he would happily go for a beer with his
political opponents because they were just that, political
opponents; he never saw them as his enemies.
He was a great finance minister, a devoted family man
and a man of character. Canada was fortunate, indeed,
to have Jim Flaherty. Godspeed.
“May the road rise to meet
you, may the wind be ever
at your back.
May the sun shine warm
upon your face, and the
rains fall soft upon your
And, until we meet again,
may God hold you in the
palm of his hand.”
A Tribute to a Friend of the CSA
Jim Flaherty
traditional gaelic blessing