This ambassador of the sport has earned the respect and recognition of the Canadian auto racing world in a variety of roles, from competing on circuits throughout North America to organizing and presenting racing seminars, to operating racing and high-performance driving schools, to instituting scholarships for winter driving instruction through colleges and universities across Canada, to writing about the sport in prominent publications. But Magwood is also to be remembered as a co-founder of the Canadian Motorsport Hall of Fame, started in 1993.

Magwood started in 1967 racing with an under two-liter sports racer, then in Formula Ford where he won the 1970 series championship. After that, it was on to Formula B and Formula Atlantic competition in the early 1970s while also operating a racing school at Mosport. In the early 1990s, he competed with the Tractech racing Team and its Toyota MR2 turbo with success, including a class win at the 1992 Toronto Molson Indy. Along with all the above, Magwood has worked to present exposure to the sport with driving conferences in Toronto and Vancouver with famed F1 driver Sir Jackie Stewart.