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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                                FEBRUARY 17, 2006
                Date of report (Date of earliest event reported)

                                IMAX CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)



                                                                    
                    CANADA                               0-24216                         98-0140269
(State or Other Jurisdiction of Incorporation)  (Commission File Number)  (I.R.S. Employer Identification Number)



           2525 SPEAKMAN DRIVE, MISSISSAUGA, ONTARIO, CANADA, L5K 1B1
           (Address of Principal Executive Offices)     (Postal Code)

                                 (905) 403-6500
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communication pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement communication pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communication pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

      On February 17, 2006, IMAX Corporation (the "Company") issued a press
release announcing information regarding its results of operations and financial
condition for the year ended December 31, 2005, a copy of which is attached as
Exhibit 99.1.

   The information in this current report on Form 8-K, including the Exhibit
attached hereto, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, except as shall be expressly set forth by specific
reference in such filing.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)  EXHIBITS



EXHIBIT NO.   DESCRIPTION
-----------   -----------
           
99.1          Press Release dated February 17, 2006




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                                   SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                    IMAX CORPORATION
                                    (Registrant)


Date:   February 17, 2006           By:      "Richard L. Gelfond"
      -----------------------           -------------------------------
                                    Name:    Richard L. Gelfond
                                    Title:   Co-Chairman and
                                             Co-Chief Executive Officer




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