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Despite earning a high salaryin cabinet, former finance minister Jim Flaherty had a comparatively modest net worth when he died in April, court documents show.
Probate recordsfiled in court in Oshawa in early May, a month after Flaherty died of a heart attack, list the total value of his assets at$989,045.
These do not include real estate he co owned with his wife, Ontario Progressive Conservative MPP Christine Elliott, or any life insurance or shared pension benefits payable to her.
When Flahertyresigned as finance minister, a post that paid $242,000 annually, many speculated that his ongoing health issues with a chronic skin conditionwere the motivation for leaving a job he held since 2006.
Flaherty never confirmed this, however, and after his death from a heart attack at age 64, friends saidhe had been considering offers in http://www.footballseahawksprostore.com/Nike-Steven-Hauschka-Jersey.html theprivate sector, where he would have likely commanded a substantially higher salary than he earned in government.
That Flaherty assets totalled less than$1 million suggests this departure from politics was partlymotivated by a desire to increase his earnings in the last years of his career, after spending 19 years inpublic K.J. Wright Womens Jersey service, and leaving a larger inheritance to his three sons.
His former chief of staff,Kevin McCarthy, told the Canadian Press in April that Flaherty had talked for years about making money in the private sector. truly believe that why he stepped down, it wasn health reasons. probate formsdo not detail specific assets, but part of the $669,000in non real estate assets likely represents proceeds from the sale of shares of his formerlaw firm, Flaherty, www.footballseahawksprostore.com/Nike-Cliff-Avril-Jersey.html Dow, Elliot McCarthy.
He and his wife sold theirstakes in the Whitby based firm last September.
Elliott, who was also hisformer his law partner and K.J. Wright Youth Jersey acted as executor of his estate, likely chose to have hiswill probated given court approval to make it easier tomanage these funds. She is the sole beneficiary listed in his will, though it includes provisions to share his estate with his children ifshe had died before he did.
The probate records also say Flaherty alone owned$320,045 in real estate, possibly the condominium in Ottawa ByWard Market where he died.
In the conflict of interest declarations he was required to file as a cabinet minster and MP, Flaherty listed a one third ownership in a numbered Ontario corporation that owned the former Whitby public library buildinghis law firm occupied. He also reported Jon Ryan Authentic Jersey holding RRSPs through a blind trust.
As an Ontario MPP, Elliott was required to provide a more detailed disclosure of her financial interests. Her last report, filed in 2013, listed ownership of shares in theBank of Nova Scotia, Leons Furniture Ltd., Ann Taylor Stores Corp., BCE Inc., and Pengrowth Energy Corporation.
The probated will was signed by Flaherty in 1996, when Jon Ryan Youth Jersey he was an MPPin Mike Harris Ontario provincial government. It lists Elliott sister, Laura Elliott, and her spouse, Leo Plue, as guardians of their three children. Plue is the executive director of the Abilities Centre, a Whitby sports and fitness facility that Flahertychampioned.(MTQ) 105 at Patrick(MTQ) 105 reduced to 1 lane with alternating traffic at Patrick due to a roadway collapse. Duration is unknown. Expect delays.174 Quigley Hill to Trim174 closed from Quigley Hill to Trim due to a collision. Detour via Cameron, Old Montreal, Frank Kenny, Innes and Trim. Duration is unknown. DoolanRidgetop closed from Dunhaven to Thomas A. Doolan due to a flooding. Follow the signed detour. Duration is unknown. Doolan Dunrobin to WoodkiltonThomas A. Doolan closed from Dunrobin to Woodkilton due to a flooding. Follow signed detour. Duration is unknown. Avoid area.(MTO) 416 Roger Stevens to Fallowfield(MTO) 416 southbound reduced to 1 lane from Fallowfield to Century due to construction. Overnight and every day until noon, from Monday, July 21 to friday, July 25.
