Pharmacy-Corporation Overview


Whether you anticipate opening a new pharmacy, changing ownership (sale, acquisition), relocating or closing your pharmacy, the college requires timely notification and submission of documents and fees to ensure your transition is a smooth one.

As outlined by the Drug and Pharmacies Regulation Act, pharmacies must be owned and operated by a pharmacist or a corporation where the majority of directors of the corporation are pharmacists. Except for pharmacies operated under pre-1954 charters, corporations must also have the majority of each class of shares owned by and registered in the name of pharmacists.

The following fees are in effect:

  • Pharmacy new opening $1000 + HST
  • Pharmacy change in ownership $500 + HST
  • Pharmacy relocation $500 + HST