EXHIBIT 5.1
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McCarthy Tétrault LLP
PO Box 48, Suite 5300
Toronto-Dominion Bank Tower
Toronto ON M5K 1E6
Canada
Tel: 416-362-1812
Fax: 416-868-0673
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IMAX Corporation
2525 Speakman Drive
Mississauga, Ontario, Canada, L5K 1B1
We have acted as Canadian counsel to IMAX Corporation (the “Company”), a corporation incorporated under the laws of Canada, in connection with the Registration Statement on Form S-8 (the “Registration Statement”) of the Company to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to 6,000,000 additional common shares of the Company (the “Shares”), to be issued from time to time pursuant to the Company’s 2013 Long-Term Incentive Plan, as amended and restated on June 6, 2016 (the “Plan”).
In so acting, we have examined originals or copies of the Registration Statement and the Plan. We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such public and corporate records, certificates, instruments and other documents and have considered such questions of law as we have deemed relevant and necessary as a basis for the opinion hereinafter expressed.
We have assumed:
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(a)
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the genuineness of all signatures on all documents examined by us;
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(b)
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the authenticity of all documents submitted to us as originals; and
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(c)
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the conformity to original documents of all documents submitted to us as copies, whether facsimile, electronic, photostatic, certified or otherwise, and the authenticity of the originals of such copies.
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Based and relying upon the foregoing, and subject to the qualification expressed herein, we are of the opinion that the Shares to be issued pursuant to the terms of the Plan will, upon issuance in accordance with the terms of the Plan, be validly issued, fully paid and non-assessable.
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This opinion is limited to the laws of the Province of Ontario and the laws of Canada applicable therein.
This opinion is rendered to you, IMAX Corporation, in connection with the above matter. This opinion may not be relied upon by you for any other purpose without our prior written consent.
/s/ McCarthy Tetrault LLP