Paquet was born in St-Agapit, Quebec, and prior to entering politics studied medicine and practised as a physician.

A Conservative, he was first elected to the House of Commons of Canada as Member of Parliament for the Quebec electoral district of L'Islet in the Canadian federal election of 1904, a seat he was to successfully defend in 1908 and 1911.

In recognition of his service to the party, he was appointed to the Canadian Senate on 14 August 1935 on the recommendation of Richard Bennett.

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