Individual A is about to acquire 30% of the shares of a new corporation (a Canadian-controlled private

Question:

Individual A is about to acquire 30% of the shares of a new (a Canadian-controlled private that will carry on an active business. The remaining 70% of the shares will be owned by X a company that also owns an active business. What concern should individual A have regarding the tax treatment of the new corporation’s income?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...