New Liberal MP Eve Adams has confirmed she'll take on Finance Minister Joe Oliver in Toronto's Eglinton-Lawrence riding.

Adams said in an interview on Toronto's CP24 news station that she plans to run against Oliver, who until Monday was her Conservative caucus colleague, next October.

The riding had been held by the Liberals under Joe Volpe until Oliver beat him in 2011.

Oliver, who is 74 years old, has already been nominated as the Conservative Party's candidate in the riding for the 2015 race.