Paul Martin Paul Martin entered politics after a successful business career as Chairman and CEO of Canada Steamship Lines, but he had been exposed to politics and the Liberal Party from an early age. His father, Paul Martin Sr., was a Liberal cabinet minister under four different prime ministers. Paul Martin made his mark in the Chretien government as finance minister, erasing a multi-billion dollar deficit, paying down debt and bringing in five budget surpluses in a row. Paul Martin had lofty goals of reforming Parliament and giving Canada a place on the world stage, but he was indecisive in leadership and his government was overshadowed by scandal. Paul Martin himself was exonerated by the Gomery Inquiry into the sponsorship scandal, but the Liberal Party "culture of entitlement" was soundly rejected by Canadians. The Liberal minority government was defeated in the 2006 election and Paul Martin announced he would not lead the party in another election. Prime Minister of Canada 2003 to 2006 Birth August 28, 1938 in Windsor, Ontario Education BA - philosophy and history - University of Toronto LL.B. - University of Toronto Profession Lawyer Executive, Power Corporation of Canada Chairman and CEO, Canada Steamship Lines Political Party Liberal Party of Canada Riding (Electoral District) LaSalle-Emard (in Montreal, Quebec) Political Career of Paul Martin Paul Martin was first elected to the House of Commons in 1988. In 1990, he ran for the leadership of the Liberal Party of Canada, and came in second to Jean Chretien. He was associate finance critic and critic for the environment in Liberal opposition from 1991 to 1993. The Liberals won the 1993 election. Paul Martin was appointed Minister responsible for Quebec Regional Development in 1993. He became Minister of Finance in 1993, a portfolio he held until 2002. In 1999, Paul Martin became Chair of the G-20, an international group made up of G-7 nations and emerging market nations. Paul Martin left the Cabinet in 2002 to run for leadership of the Liberal Party. He was elected Leader of the Liberal Party of Canada in November 2003. Paul Martin was sworn in as Prime Minister of Canada on December 12, 2003. The Liberal Party was defeated in the 2006 general election and Paul Martin announced he would not lead the party in another election.