In contrast to your monthly electricity bills, which are usually considered when shopping for electricity suppliers and generating a utility comparison chart, supply bills are sent only once a year to your billing account on an installment basis. Supplies can come from any number of different sources, including gas, coal, wood, and eventide. It’s important to take note of the types of services that you currently use when comparing prices.
Your local government typically makes the decisions
about what goes into your local power supply. In the Westminster system, a supply bill or tax bill is usually a simple bill that only concerns itself with direct taxes or municipal spending, rather than changes in general legislation. A direct supply bill passes through the Houses of Parliament and then gets to the prime minister, who signs and passes it. Once it reaches the queen, the remainder of the legislature must also pass the appropriate supply bill to ensure that it becomes law.
In Canada, like many other developed countries
the government provides most of the funding for their power supply through taxation. The provinces then divide the funds among all of the municipalities in order of popularity or need. In most provinces, provincial governments are responsible for keeping budgets balanced and have the final authority over any increases or decreases in the funds. Federal funding comes directly from the federal government, not the provincial governments, which use the funds according to the final budgetary plan that is made by the prime minister and his cabinet. Like the Westminster method, supply bills are usually independent, although there may be occasions when both houses of parliament agree to increase or decrease the funds.
Supply bills are divided into two types: mandatory and elective.
A mandatory bill must be passed by the house of representatives and then must be sent to the Senate for consideration. Elective bills can come from either house of parliament or the Senate, whichever controls the budget. If the prime minister issues a budget, there is an opportunity for the house of representatives or the Senate to pass a supply bill in committee, but they must originate in the House of Commons. Once a bill passes in the House of Commons, it may then be sent to the Senate for further consideration before becoming a bill.
Finance ministers may use the main estimates provided
by the government in the year before the budget to make their budget. However, some finance ministers will use more complete figures in the budget. Some provinces make their own detailed supply bills, while others rely on the Statistics Canada database. Generally, however, the majority of provinces use the same database. Databases are frequently updated and contain more recent estimates. The more recent the database, the more accurate the final estimates will be.
In addition to the main estimates
and financial tables included in the supply bill, there are several other items that Finance Ministers may consider in their budget. These include consumer spending and business investment plans, corporate tax rates, and family income and consumption forecasts. The main office of the treasury board Secretariat prepares the appropriate documents to provide to the provincial finance ministers and members of parliament. The documents include the fall economic statements, which are released monthly. The documents are also prepared based on the previously released spring budget. Finance Ministers and cabinet can also consult the credit report for the current fiscal year and forward outlook for the future.