James Michael "Jim" Flaherty, PC, MP (born December 30, 1949) is Canada's Minister of Finance and he has also served as Ontario's Minister of Finance. From 1995 until 2005, he was the Member of Provincial Parliament for Whitby—Ajax, and a member of the Progressive Conservative Party caucus. He was a cabinet minister in the government of Mike Harris, and unsuccessfully sought the leadership of the Ontario Progressive Conservatives on two occasions.
Flaherty won the riding of Whitby—Oshawa in the federal election held January 23, 2006 as a member of the Conservative Party of Canada narrowly beating Liberal incumbent Judi Longfield. He was re-elected in 2008. Flaherty's wife Christine Elliott represents Whitby—Oshawa in the Ontario Legislature.
Flaherty was born in Lachine, Quebec. He attended Bishop Whelan High School and Loyola High School, Montreal. Flaherty has a Bachelor of Arts degree from Princeton University, as well as a Bachelor of Laws degree from Osgoode Hall Law School of York University. He practised law before entering political life, and was a founding partner of Flaherty Dow Elliott, a firm specializing in motor vehicle accident and personal injury litigation.