As filed with the Securities and Exchange Commission on August 24, 1999
                                                Registration No.  333-__________
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           ---------------------------

                                    FORM S-8
                          REGISTRATION STATEMENT Under
                           THE SECURITIES ACT OF 1933

                           ---------------------------


                                IMAX CORPORATION
               (Exact name of issuer as specified in its charter)

             Canada                                        98-0140269
 (State or other jurisdiction of                        (I.R.S. Employer
  incorporation or organization)                       Identification No.)
                               2525 Speakman Drive
                          Mississauga, Ontario L5K 1B1
                                     Canada
                    (Address of Principal Executive Offices)

                       Share Option Agreement between Imax
                        Corporation and Douglas Trumbull
                            (Full title of the plan)

                           ---------------------------

                              CT Corporation System
                                  1633 Broadway
                              New York, N.Y. 10019
                     (Name and address of agent for service)

                                 (212) 664-1666
          (Telephone number, including area code, of agent for service)

                         CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
==============================================================================================================
    Title of Securities        Amount to be        Proposed Maximum          Proposed            Amount of
      to be Registered           Registered         Offering Price            Maximum          Registration
                                                       Per Share             Aggregate              Fee
                                                                           Offering Price
--------------------------------------------------------------------------------------------------------------
<S>                               <C>                <C>                    <C>                   <C>
Common Shares (no par value)      381,744            $0.215647 (1)          $82,321.93 (2)        $22.89

==============================================================================================================
</TABLE>

(1)      The price is determined using an exchange rate of $1.4955 to one
         Canadian dollar, the noon buying rate in New York City for cable
         transfers payable in Canadian dollars as certified for customs purposes
         by the Federal Reserve Bank of New York on August 23, 1999 (the
         "Exchange Rate").
(2)      Pursuant to Rule 457(h), the offering price of shares of Common Stock
         is based on the per share option exercise price.

--------------------------------------------------------------------------------


<PAGE>


                                        2

                                     Part I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS


Item 1:       Plan Information.*

Item 2:       Registrant Information and Employee Plan Annual Information.*





































------------------------------------
o    Information required by Part I to be contained in the Section 10(a)
     prospectus is omitted from this Registration Statement in accordance
     with Rule 428 under the Securities Act of 1933, as amended (the
     "Securities Act"), and the "Note" to Part I of Form S-8.




<PAGE>


                                        3

                                     Part II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3:           Incorporation of Documents by Reference.

         The following documents that have been filed with the Securities and
Exchange Commission (the "Commission") by Imax Corporation (the "Registrant")
are incorporated by reference in this Registration Statement:

         (a)      The Registrant's annual report on Form 10-K for the fiscal
                  year ended December 31, 1998;

         (b)      All other reports filed pursuant to Section 13(a) or 15(d) of
                  the Securities and Exchange Act of 1934, as amended (the
                  "Exchange Act"), since the end of the fiscal year covered by
                  the Annual Report on Form 10-K referred to in clause (a)
                  above, including the Registrant's Quarterly Report on Form
                  10-Q for the period ended March 31, 1999; and

         (c)      The description of the Registrant's Common Shares contained in
                  the Registrant's Registration Statement on Form 20-F/A No. 2
                  filed with the Commission on June 7, 1994, including any
                  amendment or report filed for the purposes of updating such
                  description.

         In addition, all documents subsequently filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, as
amended, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of filing or furnishing of such documents.

         Any statement contained herein or in any document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superceded, to constitute part of this
Registration Statement.



<PAGE>


                                        4

Item 4:           Description of Securities.

                  Not applicable.


Item 5:           Interests of Named Experts and Counsel.

                  Not applicable.


Item 6:           Indemnification of Directors and Officers.

         Section 124 of the Canada Business Corporations Act ("CBCA") and
Section 7 of the Registrant's General By-Law No. 1 provide for the
indemnification of directors and officers of the Registrant. Under these
provisions, the Registrant shall indemnify a director or officer of the
Registrant (or a former director or officer) against all costs, charges and
expenses, including amounts paid to settle an action or satisfy a judgment,
reasonably incurred by such director or officer in respect of any civil,
criminal or administrative action or proceeding (other than in respect of an
action by or on behalf of the Registrant to procure a judgment in its favor) to
which such director or officer (or a former director or officer) is made a party
by reason of his position with the Registrant, if he or she fulfils the
following two conditions: (a) he or she acted honestly and in good faith with a
view to the best interests of the Registrant and (b) in the case of a criminal
or administrative action or proceeding that is enforced by a monetary penalty,
he or she had reasonable grounds for believing that his or her conduct was
lawful. In respect of an action by or on behalf of the Registrant to procure a
judgment in its favor, the Registrant with the approval of a court may indemnify
a director or officer of the Registrant (or a former director or officer)
against all costs, charges and expenses reasonably incurred by him or her in
connection with such action if he or she fulfils the conditions set out in the
clauses (a) and (b) of the previous sentence. Notwithstanding the foregoing, a
director or officer of the Registrant (or a former director or officer) is
entitled to indemnification from the Registrant in respect of all costs, charges
and expenses incurred by him or her in connection with the defense of any civil
criminal or administrative action or proceeding to which he or she is made a
party by reason of his or her position with the Registrant if he or she was
substantially successful on the merits in his or her defense of the action or
proceeding and he or she fulfills the conditions in clauses (a) and (b) of the
second sentence in this paragraph.

         Section 7.4 of the Registrant's By-Law No. 1 also provides that so long
as the directors and officers act honestly and in good faith, to the extent
permitted by law, the Registrant will indemnify the directors and officers from
any liability incurred for: (i) acts or neglects of other directors and
officers; (ii) loss, damage, or expense due to insufficiency or deficiency of
title of property acquired by the Registrant, due to investment of the
Registrant's assets in insufficient or deficient securities, due to acts of
those holding the Registrant's assets, or from any other dealings with any
assets belonging to the Registrant; or (iii) any other loss, damage, or
misfortune which may happen in the execution of the officers' or directors'
respective duties.



<PAGE>


                                        5

         The Registrant maintains directors' and officers' liability insurance
with an aggregate policy limit of U.S. $70 million subject to a deductible of
U.S. $100,000 for each claim other than U.S. securities law claims and U.S.
$500,000 in respect of U.S. securities law claims.

Item 7:           Exemption from Registration Claimed.

                  Not applicable.

Item 8:           Exhibits.

         The following exhibits are filed as part of this Registration
Statement:

                  4.1      Share Option Agreement between Imax Corporation and
                           Douglas Trumbull, dated March 1, 1994.

                  4.2      Agreement between Imax Corporation and Douglas
                           Trumbull, dated August 19, 1999.

                  4.3      Articles of Incorporation of Imax Corporation
                           (incorporated by reference to Exhibit 3.1 to the
                           Registrant's Registration Statement on Form F-1 (File
                           No. 33-77536)).

                  5        Opinion of McCarthy Tetrault, counsel to the
                           Registrant, as to the validity of the securities
                           registered hereby.

                  23.1     Consent of PricewaterhouseCoopers LLP, independent
                           certified accountants of the Registrant.

                  23.2     Consent of McCarthy Tetrault, counsel to the
                           Registrant.

                  24       Powers of Attorney (contained on the signature pages
                           of this Registration Statement).

Item 9:           Undertakings.

         (a)      The Registrant hereby undertakes:

         (1)      To file, during any period in which offers or sales are being
                  made, a post-effective amendment to this Registration
                  Statement to include any material information with respect to
                  the plan of distribution not previously disclosed in this
                  registration statement or any material change to such
                  information in the Registration Statement;

         (2)      That, for the purpose of determining any liability under the
                  Securities Act, each such post-effective amendment shall be
                  deemed to be a new registration statement



<PAGE>


                                        6

                  relating to the securities offered therein, and the offering
                  of such securities at that time shall be deemed to be the
                  initial bona fide offering thereof; and

         (3)      To remove from registration by means of a post-effective
                  amendment any of the securities being registered which remain
                  unsold at the termination of the offering.

         (b)      The Registrant hereby undertakes that, for purposes of
determining liability under the Securities Act, each filing of the Registrant's
annual report on Form 10-K pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and each filing of an employee benefit plan annual report pursuant
to Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

         (c)      Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer, or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.





<PAGE>


                                        7


                                   SIGNATURES

         Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Toronto, Province of Ontario, Country of Canada, on
this __ day of August, 1999.

                                IMAX CORPORATION


                                        By: /s/ Bradley J. Wechsler
                                           -------------------------------------
                                           Name:  Bradley J. Wechsler
                                           Title: Co-Chairman and
                                                  Co-Chief Executive Officer

/s/ Bradley J. Wechsler                    /s/ Richard L. Gelfond
----------------------------------         -------------------------------------
Bradley J. Wechsler, authorized            Richard L. Gelfond, authorized
representative of Imax Corporation         representative of Imax Corporation
in the United States                       in the United States



<PAGE>


                                        8

                                POWER OF ATTORNEY

         Each of the undersigned whose signatures appears below hereby
constitutes and appoints Bradley J. Wechsler and Richard L. Gelfond, either of
whom may act individually, as his or her lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) and supplements to this
Registration Statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as
he/she might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents or their substitute or substitutes may
lawfully do or cause to be done by virtue thereof.

         Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on
the date indicated.

Signature                  Title                                 Date
---------                  -----                                 ----

/s/ Bradley J. Wechsler    Co-Chairman and Co-Chief              August 19, 1999
-----------------------    Executive Officer
Bradley J. Wechsler

/s/ Richard L. Gelfond     Co-Chairman and Co-Chief              August 19, 1999
-----------------------    Executive Officer
Richard L. Gelfond

/s/ Michael J. Biondi      Director and Non-Executive            August 19, 1999
-----------------------    Chairman of the Board
Michael J. Biondi

/s/ Kenneth G. Copland     Director                              August 19, 1999
-----------------------
Kenneth G. Copland

/s/ J. Trevor Eyton        Director                              August 19, 1999
-----------------------
J. Trevor Eyton

/s/ Garth Girvan           Director                              August 19, 1999
-----------------------
Garth Girvan

/s/ G. Edmund King         Director                              August 19, 1999
-----------------------
G. Edmund King

/s/ Murray B. Koffler      Director                              August 19, 1999
-----------------------
Murray B. Koffler

/s/ Sam Reisman            Director                              August 19, 1999
-----------------------
Sam Reisman

/s/ Marc A. Utay           Director                              August 19, 1999
-----------------------
Marc A. Utay




<PAGE>


                                        9



/s/ W. Townsend Ziebold    Director                              August 19, 1999
-----------------------
W. Townsend Ziebold

/s/ John M. Davison        Chief Operating Officer and           August 19, 1999
-----------------------    Chief Financial Officer
John M. Davison





<PAGE>


                                  EXHIBIT INDEX



Exhibit No.         Description of Document                             Page No.
-----------         -----------------------                             --------

4.1                 Share Option Agreement between Imax Corporation
                    and Douglas Trumbull, dated March 1, 1994.

4.2                 Agreement between Imax Corporation and Douglas
                    Trumbull, dated August 19, 1999.

4.3                 Articles of Incorporation of Imax Corporation.
                    (Incorporated by reference to Exhibit 3.1 to the
                    Registrant's Registration Statement on Form F-1
                    (File No. 33-77536)).

5                   Opinion of McCarthy Tetrault, counsel to the
                    Registrant, as to the validity of the securities
                    registered hereby.

23.1                Consent of PricewaterhouseCoopers LLP,
                    independent certified accountants of the Registrant.

23.2                Consent of McCarthy Tetrault, counsel to the
                    Registrant.

24                  Powers of Attorney (contained on the signature
                    pages of this Registration Statement).
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 19874}]
{"company-data": {"conformed-name": "IMAX CORP", "cik": "0000921582", "assigned-sic": "3861", "irs-number": "980140269", "state-of-incorporation": "A6", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-85815", "film-number": "99698524"}, "business-address": {"street1": "2525 SPEAKMAN DRIVE", "street2": "MISSISSAUGA L5KIBI", "city": "TORONTO ONTARIO", "state": "A6", "phone": "9054036500"}, "mail-address": {"street1": "2525 SPEAKMAN DRIVE", "street2": "MISSISSAUGA L5KIBI", "city": "TORONTO ONTARIO", "state": "A6"}}
As filed with the Securities and Exchange Commission on August 24, 1999
                                                Registration No.  333-__________
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           ---------------------------

                                    FORM S-8
                          REGISTRATION STATEMENT Under
                           THE SECURITIES ACT OF 1933

                           ---------------------------

                                IMAX CORPORATION
               (Exact name of issuer as specified in its charter)

             Canada                                        98-0140269
 (State or other jurisdiction of                        (I.R.S. Employer
  incorporation or organization)                       Identification No.)
                               2525 Speakman Drive
                          Mississauga, Ontario L5K 1B1
                                     Canada
                    (Address of Principal Executive Offices)

                       Share Option Agreement between Imax
                        Corporation and Douglas Trumbull
                            (Full title of the plan)

                           ---------------------------

                              CT Corporation System
                                  1633 Broadway
                              New York, N.Y. 10019
                     (Name and address of agent for service)

                                 (212) 664-1666
          (Telephone number, including area code, of agent for service)

                         CALCULATION OF REGISTRATION FEE
==============================================================================================================
    Title of Securities        Amount to be        Proposed Maximum          Proposed            Amount of
      to be Registered           Registered         Offering Price            Maximum          Registration
                                                       Per Share             Aggregate              Fee
                                                                           Offering Price
--------------------------------------------------------------------------------------------------------------
Common Shares (no par value)      381,744            $0.215647 (1)          $82,321.93 (2)        $22.89

==============================================================================================================
(1)      The price is determined using an exchange rate of $1.4955 to one
         Canadian dollar, the noon buying rate in New York City for cable
         transfers payable in Canadian dollars as certified for customs purposes
         by the Federal Reserve Bank of New York on August 23, 1999 (the
         "Exchange Rate").
(2)      Pursuant to Rule 457(h), the offering price of shares of Common Stock
         is based on the per share option exercise price.

--------------------------------------------------------------------------------
2

                                     Part I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1:       Plan Information.*

Item 2:       Registrant Information and Employee Plan Annual Information.*

------------------------------------
o    Information required by Part I to be contained in the Section 10(a)
     prospectus is omitted from this Registration Statement in accordance
     with Rule 428 under the Securities Act of 1933, as amended (the
     "Securities Act"), and the "Note" to Part I of Form S-8.
3

                                     Part II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3:           Incorporation of Documents by Reference.

         The following documents that have been filed with the Securities and
Exchange Commission (the "Commission") by Imax Corporation (the "Registrant")
are incorporated by reference in this Registration Statement:

         (a)      The Registrant's annual report on Form 10-K for the fiscal
                  year ended December 31, 1998;

         (b)      All other reports filed pursuant to Section 13(a) or 15(d) of
                  the Securities and Exchange Act of 1934, as amended (the
                  "Exchange Act"), since the end of the fiscal year covered by
                  the Annual Report on Form 10-K referred to in clause (a)
                  above, including the Registrant's Quarterly Report on Form
                  10-Q for the period ended March 31, 1999; and

         (c)      The description of the Registrant's Common Shares contained in
                  the Registrant's Registration Statement on Form 20-F/A No. 2
                  filed with the Commission on June 7, 1994, including any
                  amendment or report filed for the purposes of updating such
                  description.

         In addition, all documents subsequently filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, as
amended, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of filing or furnishing of such documents.

         Any statement contained herein or in any document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superceded, to constitute part of this
Registration Statement.
4

Item 4:           Description of Securities.

                  Not applicable.

Item 5:           Interests of Named Experts and Counsel.

                  Not applicable.

Item 6:           Indemnification of Directors and Officers.

         Section 124 of the Canada Business Corporations Act ("CBCA") and
Section 7 of the Registrant's General By-Law No. 1 provide for the
indemnification of directors and officers of the Registrant. Under these
provisions, the Registrant shall indemnify a director or officer of the
Registrant (or a former director or officer) against all costs, charges and
expenses, including amounts paid to settle an action or satisfy a judgment,
reasonably incurred by such director or officer in respect of any civil,
criminal or administrative action or proceeding (other than in respect of an
action by or on behalf of the Registrant to procure a judgment in its favor) to
which such director or officer (or a former director or officer) is made a party
by reason of his position with the Registrant, if he or she fulfils the
following two conditions: (a) he or she acted honestly and in good faith with a
view to the best interests of the Registrant and (b) in the case of a criminal
or administrative action or proceeding that is enforced by a monetary penalty,
he or she had reasonable grounds for believing that his or her conduct was
lawful. In respect of an action by or on behalf of the Registrant to procure a
judgment in its favor, the Registrant with the approval of a court may indemnify
a director or officer of the Registrant (or a former director or officer)
against all costs, charges and expenses reasonably incurred by him or her in
connection with such action if he or she fulfils the conditions set out in the
clauses (a) and (b) of the previous sentence. Notwithstanding the foregoing, a
director or officer of the Registrant (or a former director or officer) is
entitled to indemnification from the Registrant in respect of all costs, charges
and expenses incurred by him or her in connection with the defense of any civil
criminal or administrative action or proceeding to which he or she is made a
party by reason of his or her position with the Registrant if he or she was
substantially successful on the merits in his or her defense of the action or
proceeding and he or she fulfills the conditions in clauses (a) and (b) of the
second sentence in this paragraph.

         Section 7.4 of the Registrant's By-Law No. 1 also provides that so long
as the directors and officers act honestly and in good faith, to the extent
permitted by law, the Registrant will indemnify the directors and officers from
any liability incurred for: (i) acts or neglects of other directors and
officers; (ii) loss, damage, or expense due to insufficiency or deficiency of
title of property acquired by the Registrant, due to investment of the
Registrant's assets in insufficient or deficient securities, due to acts of
those holding the Registrant's assets, or from any other dealings with any
assets belonging to the Registrant; or (iii) any other loss, damage, or
misfortune which may happen in the execution of the officers' or directors'
respective duties.
5

         The Registrant maintains directors' and officers' liability insurance
with an aggregate policy limit of U.S. $70 million subject to a deductible of
U.S. $100,000 for each claim other than U.S. securities law claims and U.S.
$500,000 in respect of U.S. securities law claims.

Item 7:           Exemption from Registration Claimed.

                  Not applicable.

Item 8:           Exhibits.

         The following exhibits are filed as part of this Registration
Statement:

                  4.1      Share Option Agreement between Imax Corporation and
                           Douglas Trumbull, dated March 1, 1994.

                  4.2      Agreement between Imax Corporation and Douglas
                           Trumbull, dated August 19, 1999.

                  4.3      Articles of Incorporation of Imax Corporation
                           (incorporated by reference to Exhibit 3.1 to the
                           Registrant's Registration Statement on Form F-1 (File
                           No. 33-77536)).

                  5        Opinion of McCarthy Tetrault, counsel to the
                           Registrant, as to the validity of the securities
                           registered hereby.

                  23.1     Consent of PricewaterhouseCoopers LLP, independent
                           certified accountants of the Registrant.

                  23.2     Consent of McCarthy Tetrault, counsel to the
                           Registrant.

                  24       Powers of Attorney (contained on the signature pages
                           of this Registration Statement).

Item 9:           Undertakings.

         (a)      The Registrant hereby undertakes:

         (1)      To file, during any period in which offers or sales are being
                  made, a post-effective amendment to this Registration
                  Statement to include any material information with respect to
                  the plan of distribution not previously disclosed in this
                  registration statement or any material change to such
                  information in the Registration Statement;

         (2)      That, for the purpose of determining any liability under the
                  Securities Act, each such post-effective amendment shall be
                  deemed to be a new registration statement
6

                  relating to the securities offered therein, and the offering
                  of such securities at that time shall be deemed to be the
                  initial bona fide offering thereof; and

         (3)      To remove from registration by means of a post-effective
                  amendment any of the securities being registered which remain
                  unsold at the termination of the offering.

         (b)      The Registrant hereby undertakes that, for purposes of
determining liability under the Securities Act, each filing of the Registrant's
annual report on Form 10-K pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and each filing of an employee benefit plan annual report pursuant
to Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

         (c)      Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer, or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
7

                                   SIGNATURES

         Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Toronto, Province of Ontario, Country of Canada, on
this __ day of August, 1999.

                                IMAX CORPORATION

                                        By: /s/ Bradley J. Wechsler
                                           -------------------------------------
                                           Name:  Bradley J. Wechsler
                                           Title: Co-Chairman and
                                                  Co-Chief Executive Officer

/s/ Bradley J. Wechsler                    /s/ Richard L. Gelfond
----------------------------------         -------------------------------------
Bradley J. Wechsler, authorized            Richard L. Gelfond, authorized
representative of Imax Corporation         representative of Imax Corporation
in the United States                       in the United States
8

                                POWER OF ATTORNEY

         Each of the undersigned whose signatures appears below hereby
constitutes and appoints Bradley J. Wechsler and Richard L. Gelfond, either of
whom may act individually, as his or her lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) and supplements to this
Registration Statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as
he/she might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents or their substitute or substitutes may
lawfully do or cause to be done by virtue thereof.

         Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on
the date indicated.

Signature                  Title                                 Date
---------                  -----                                 ----

/s/ Bradley J. Wechsler    Co-Chairman and Co-Chief              August 19, 1999
-----------------------    Executive Officer
Bradley J. Wechsler

/s/ Richard L. Gelfond     Co-Chairman and Co-Chief              August 19, 1999
-----------------------    Executive Officer
Richard L. Gelfond

/s/ Michael J. Biondi      Director and Non-Executive            August 19, 1999
-----------------------    Chairman of the Board
Michael J. Biondi

/s/ Kenneth G. Copland     Director                              August 19, 1999
-----------------------
Kenneth G. Copland

/s/ J. Trevor Eyton        Director                              August 19, 1999
-----------------------
J. Trevor Eyton

/s/ Garth Girvan           Director                              August 19, 1999
-----------------------
Garth Girvan

/s/ G. Edmund King         Director                              August 19, 1999
-----------------------
G. Edmund King

/s/ Murray B. Koffler      Director                              August 19, 1999
-----------------------
Murray B. Koffler

/s/ Sam Reisman            Director                              August 19, 1999
-----------------------
Sam Reisman

/s/ Marc A. Utay           Director                              August 19, 1999
-----------------------
Marc A. Utay
9

/s/ W. Townsend Ziebold    Director                              August 19, 1999
-----------------------
W. Townsend Ziebold

/s/ John M. Davison        Chief Operating Officer and           August 19, 1999
-----------------------    Chief Financial Officer
John M. Davison
EXHIBIT INDEX

Exhibit No.         Description of Document                             Page No.
-----------         -----------------------                             --------

4.1                 Share Option Agreement between Imax Corporation
                    and Douglas Trumbull, dated March 1, 1994.

4.2                 Agreement between Imax Corporation and Douglas
                    Trumbull, dated August 19, 1999.

4.3                 Articles of Incorporation of Imax Corporation.
                    (Incorporated by reference to Exhibit 3.1 to the
                    Registrant's Registration Statement on Form F-1
                    (File No. 33-77536)).

5                   Opinion of McCarthy Tetrault, counsel to the
                    Registrant, as to the validity of the securities
                    registered hereby.

23.1                Consent of PricewaterhouseCoopers LLP,
                    independent certified accountants of the Registrant.

23.2                Consent of McCarthy Tetrault, counsel to the
                    Registrant.

24                  Powers of Attorney (contained on the signature
                    pages of this Registration Statement).