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.

As of January 1, 2007, the following fees are in effect:

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