In case you haven’t heard already, British Columbia’s Finance minister Carole James of the NDP dropped bombs a few weeks ago during the budget announcement. A new “Speculation Tax” has been proposed and will be introduced later this year. What is the BC speculation tax you may ask? How does the BC Speculation tax apply to homeownership in British Columbia? Thoughtlessly, that’s how. It’s as if they just came up with this tax “with the best intentions” but not thinking for more than 45 seconds on the topic.