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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


                                  MARCH 9, 2005
                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        (Commission              (I.R.S. Employer
     of Incorporation)              File Number)          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 March 9, 2006, IMAX Corporation (the "Company") issued a press release
announcing the Company's financial and operating results 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 8.01  OTHER

     On March 9, 2006, IMAX Corporation (the "Company") issued a press release
announcing that its Board of Directors has decided to begin a process to explore
strategic alternatives to enhance shareholder value, including, but not limited
to, the sale or merger of the business with another entity offering strategic
opportunities for growth, a copy of which is attached as Exhibit 99.2.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(c)  EXHIBITS



EXHIBIT NO.     DESCRIPTION
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99.1            Press Release dated March 9, 2006
99.2            Press Release dated March 9, 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:   March 9, 2006               By: "Richard L. Gelfond"
      ---------------------             ----------------------------------------
                                        Name:  Richard L. Gelfond
                                        Title: Co-Chairman and
                                               Co-Chief Executive Officer



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