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Is Flaherty leaving Canada in the lurch? Add to ...

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Jim Flaherty’s departure as Canada’s Finance Minister comes at what seems a fitting time on several levels. He’s handing over the reins after having eliminated what had become a massive budget deficit during the Great Recession, and before the next election that is shaping up as a contentious one for his long-ruling Conservative party. He’s moving on after publicly exposing substantial rifts between himself and Prime Minister Stephen Harper, specifically on a proposed income-splitting plan, that may have made it difficult for the two men to work together on future tax-policy initiatives.

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