Signals are (almost) always time variant. Otherwise they would be very boring :-). I believe your question is about whether "systems" are time invariant or not. A system basically is a "prescription" of how to create an output signal from an input signal. The equation you show is a system equation of how to create output y[n] from input x[n].
The idea of time invariance is the following: The behavior of the system doesn't depend on absolute time, i.e. the relationship between input and output is the same, regardless of whether it's Tuesday or Friday. You can find a more mathematical description here http://en.wikipedia.org/wiki/Time-invariant_system
The easiest invariance test is the following:
- pick any input signal, typically $\delta [n]$ will do fine.
- Calculate the output $y{_{0}}[n]$ for that intput
- now delay the input signal by some amount.
- Calculate the output $y{_{1}}[n]$ for the delayed input
- If $y{_{1}}[n]$ is NOT simply a delayed version of $y{_{0}}[n]$ then the system time variant
Another (equivalent) test is the following
- For time invariant system, the system equations only dependency on time must be as linear index into the input signal
Either one will work.