An individual usually has taxable income in a year of $130,000 and pays federal and provincial taxes

Question:

An individual usually has taxable income in a year of $130,000 and pays federal and provincial taxes totalling $43,000. Would this information be relevant when the implications of investing in a that operates a small retail business are considered?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...