Accounting for pharmacies in Ontario
Pharmacies run high inventory turnover, third-party and government drug-plan billing, and retail front-of-store sales, all with tight margins that reward accurate books.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Pharmacies
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Third-party billing that never quite matches
Government and private drug-plan reimbursements are reconciled to your sales so nothing is missed.
High inventory turnover
Dispensary and front-store inventory and cost of goods are tracked so your tight margins are accurate.
The exempt-and-taxable mix
Prescription, OTC, and retail items are treated differently for HST; we handle the mix so your returns are right.
What’s included
One flat monthly price for incorporated Ontario pharmacies. Everything below is in it.
- Bookkeeping across dispensary, third-party billing, and retail
- Inventory and cost-of-goods tracked
- Payroll for pharmacists and staff
- HST handling for the taxable/exempt mix
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
Can you reconcile third-party drug-plan billings?
Yes. Plan reimbursements are reconciled to your sales so nothing is missed.
Do you work with incorporated pharmacies?
Yes. Incorporated pharmacies are a core fit.
Books and taxes for your pharmacy, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call