Colin Thatcher was born to Ross Thatcher. The name of his mother is unknown. Colin was born when his father, Ross worked for Canada Packers.
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He moved to Saskatchewan when his father returned home to run the family business. His father subsequently entered politics and became the Premier of Saskatchewan from 1964 to 1971.

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After his father died in 1971, Thatcher cultivated his interest in politics. In 1975, he won the provincial riding of Thunder Creek as a Liberal, but he defected to the Progressive Conservatives two years later.
Thatcher served from 1982 to 1983 as the Minister of Energy. On January 17, 1983, Thatcher resigned from his portfolio, citing family and financial reasons.


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