On Tuesday, everyone owning a vacation home in the Gulf Islands were told that they wouldn’t be paying the government’s new speculation tax. 

So were people with secondary homes in Parksville, Qualicum Beach, and about a dozen other jurisdictions. 

And every B.C. resident still subject to the new levy found out their bill would be reduced by 75 per cent â€” from two per cent of a home’s assessed value to 0.5 per cent.  

If you’re affected by these changes, you might think