# QSBC question
**URL:** https://www.protaxcommunity.com/t/qsbc-question/11883
**Category:** Tax Topics
**Created:** [February 13, 2026, 10:06pm UTC](https://www.protaxcommunity.com/t/qsbc-question/11883 "2026-02-13T22:06:28Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)
#### Post date: [February 13, 2026, 10:06pm UTC](https://www.protaxcommunity.com/t/qsbc-question/11883/1 "2026-02-13T22:06:28Z")
If I received preferred shares with a redeemable fixed amount under S86 in exchange for common shares that qualified as QSBC shares at that time, I could sell those p.s at any time in the future for LCGE and I have to wait for 2 years to sell the newly issued c.s for QSBC status, correct?
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### Author:  [@Deepinthemoneycall](https://www.protaxcommunity.com/u/Deepinthemoneycall)
#### Post date: [February 13, 2026, 10:14pm UTC](https://www.protaxcommunity.com/t/qsbc-question/11883/2 "2026-02-13T22:14:58Z")
Precisely.
Com. shares issued directly from treasury starts the clock on the holding period when issued at that time.
Pref. shares acquired in the course of a reorg under S.86 continue the holding period from where the previous shares were owned, subject to your 24 months holding period.
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### Author:  [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)
#### Post date: [February 13, 2026, 10:39pm UTC](https://www.protaxcommunity.com/t/qsbc-question/11883/3 "2026-02-13T22:39:44Z")
Thank you!