Simeon Jons is a carpenter. He gets to set his own hours and only chooses work he likes to do. In his spare time he trades in the stock market. He estimates he spends 2-3 hours a day looking for market implications and making stock purchases and sales. He's decided to freeze his common shares shares of abidiboo Inc., one of his portolio investments, and take back fixed value preferred shares. He'd like your advice on which section of the tax act to use. Should Simeon make his transfer using Section 85 or 86? 85 A/ Please explain why (no points for this, just verification in case of marking issues) A Simeon Jons is a carpenter. He gets to set his own hours and only chooses work he likes to do. In his spare time he trades in the stock market. He estimates he spends 2-3 hours a day looking for market implications and making stock purchases and sales. He's decided to freeze his common shares shares of abidiboo Inc., one of his portolio investments, and take back fixed value preferred shares. He'd like your advice on which section of the tax act to use. Should Simeon make his transfer using Section 85 or 86? 85 A/ Please explain why (no points for this, just verification in case of marking issues) A