<PAGE>   1
    AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 30, 1998
                                                   REGISTRATION NO. 333-
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               -------------------

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

                              INTRAWEST CORPORATION
             (Exact name of registrant as specified in its charter)

   British Columbia, Canada                                    N/A
(State or other jurisdiction of                         (I.R.S. Employer
 incorporation or organization)                         Identification No.)

                          Suite 800, 200 Burrard Street
                   Vancouver, British Columbia, Canada V6C 3L6
                                 (604) 669-9777
   (Address, including ZIP code, and telephone number, including area code,
                  of registrant's principal executive offices)

                              INTRAWEST CORPORATION
                                STOCK OPTION PLAN
                              (Full title of plan)

        PTSGE Corp.                                   Copies to:
Preston Gates & Ellis LLP                          Gary J. Kocher
   5000 Columbia Center                        Preston Gates & Ellis LLP
    701 Fifth Avenue                            5000 Columbia Center
Seattle, Washington 98104-7078                      701 Fifth Avenue
      (206) 623-7580                       Seattle, Washington 98104-7078
(Name, address and telephone number,                (206) 623-7580
 including area code, of agent           
for service in the United States)

<TABLE>
<CAPTION>
============================================================================================================
                                                    Proposed          Proposed Maximum
     Title of securities      Amount to be      Maximum offering          aggregate          Amount of
      to be registered       registered (1)    price per unit (2)    offering price (2)    registration fee
------------------------------------------------------------------------------------------------------------
<S>                         <C>                  <C>                                           
  Common Shares,          
  without par value           161,500 shares       $14.00                $2,261,000           $629.00
============================================================================================================
</TABLE>

(1)        Together with an indeterminate number of additional shares which may
           be necessary to adjust the number of shares reserved for issuance
           pursuant to such plan as the result of any future stock split, stock
           dividend or similar adjustment of the outstanding Common Shares of
           the Registrant. In addition, pursuant to Rule 416(c) under the
           Securities Act of 1933, this registration statement also covers an
           indeterminate amount of interests to be offered or sold pursuant to
           the Stock Option Plan described herein.

(2)        Estimated solely for the purpose of calculating the registration fee
           and, pursuant to Rule 457(c) of the Act, based upon the average high
           and low prices of the Common Shares of the Registrant on the New York
           Stock Exchange on October 23, 1998.


<PAGE>   2


                                     PART II
                           INFORMATION REQUIRED IN THE
                             REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

        The following documents heretofore filed with the Securities and
Exchange Commission (the "Commission") by Intrawest Corporation (the "Company")
are incorporated herein by reference:

        (a) The Company's Annual Report on Form 40-F for the fiscal year ended
June 30, 1998 (the "Annual Report").

        (b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), since the end
of the fiscal year covered by the Annual Report.

        (c) The description of the Company's Common shares without par value
(the "Common Shares") that is contained in the Company's Registration Statement
on Form 8-A filed pursuant to Section 12 of the Exchange Act including any
amendment or report filed for the purpose of updating such description.

        All documents filed by the Company pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act after the date of this Registration Statement and
prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities
then remaining unsold are deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective dates of
filing of such documents (such documents, and the documents enumerated above,
being hereinafter referred to as "Incorporated Documents").

        Any statement contained in an Incorporated Document 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
Incorporated Document modifies or supersedes such statement. Any such statement
so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.

ITEM 4.  DESCRIPTION OF SECURITIES

        Not applicable.



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<PAGE>   3

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL

        Not applicable.

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS

        Section 128 of the Company Act (British Columbia) (the "BCCA") provides:

        (1)     A company, with the approval of the court, may indemnify a
                person who is a director or former director of the company or is
                a director or former director of a corporation of which the
                company is or was a shareholder, and the person's heirs and
                personal representatives, against all costs, charges and
                expenses, including an amount paid to settle an action or
                satisfy a judgment, actually and reasonably incurred by the
                person, including an amount paid to settle an action or satisfy
                a judgment in a civil, criminal or administrative action or
                proceeding to which the person is made a party because of being
                or having been a director, including an action brought by the
                company or corporation, if

                (a)     the person acted honestly and in good faith with a view
                        to the best interests of the corporation of which the
                        person is or was a director, and

                (b)     in the case of a criminal or administrative action or
                        proceeding, the person had reasonable grounds for
                        believing that the person's conduct was lawful.

        (2)     The court, on the application of a company, director or a former
                director, may make an order approving an indemnity under this
                section, and the court may make any further order it considers
                appropriate.

        (3)     On an application under subsection (2), the court may order
                notice to be given to any interested person.

        (4)     A company may purchase and maintain insurance for the benefit of
                a person referred to in this section against any liability
                incurred by the person as a director or officer.

        (5)     Subsections (1) to (3) apply to officers or former officers of a
                company or of a corporation of which the company is or was a
                shareholder.

        The Articles of the Company provide that:

        23.1    (1)     Subject to the provisions of the Company Act, the
                        Company shall indemnify a director or former director of
                        the Company and a director or a former director of a
                        corporation of which the Company is or was a
                        shareholder, and the heirs and personal representatives
                        of any such director or former director, against all
                        costs, charges and expenses, including an



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<PAGE>   4

                        amount paid to settle an action or satisfy a judgment,
                        actually and reasonably incurred by him, including an
                        amount paid to settle an action or satisfy a judgment in
                        a civil, criminal or administrative action or proceeding
                        to which the person is made a party by reason of being
                        or having been a director of the Company or a director
                        of such corporation, including any action brought by the
                        Company or corporation if (a) the person acted honestly
                        and in good faith with a view to the best interests of
                        the Company or the corporation of which the person is or
                        was a director, and (b) in the case of a criminal or
                        administrative action or proceeding, the person had
                        reasonable grounds for believing that his conduct was
                        lawful.

                (2)     The determination of any action, suit or proceeding by
                        judgment, order, settlement, conviction or otherwise
                        shall not, of itself, create a presumption that the
                        person did not so act or did not have reasonable
                        grounds, as aforesaid.

                (3)     Each director of the Company upon being elected or
                        appointed shall be deemed to have contracted with the
                        Company on the terms of the foregoing indemnity.

        23.2    The Company shall indemnify an officer or former officer of the
                Company and an officer or former officer of a corporation of
                which the Company is or was a shareholder, and the heirs and
                personal representatives of any such officer or former officer,
                to the full extent permitted by the Company Act.

        23.3    (1)     The indemnification provided by this Part shall not be
                        deemed exclusive of any other rights to which those
                        seeking indemnification may be entitled under any other
                        Part, or any valid and lawful agreement, vote of members
                        or disinterested directors or otherwise, or under the
                        provisions of any statute now or hereafter existing,
                        both as to action in the official capacity of such
                        person and as to action in another capacity while
                        holding such office, and shall continue as to a person
                        who has ceased to be a director, officer, employee or
                        agent and shall enure to the benefit of the heirs and
                        personal representatives of such person.

                (2)     The indemnification provided by this Part shall not be
                        exclusive of any powers, rights, agreements or
                        undertakings which may be legally permissible or
                        authorized by or under any applicable law.

                (3)     Notwithstanding any other provisions set forth in this
                        Part, the indemnification authorized by this Part shall
                        be applicable only to the extent that any such
                        indemnification shall not duplicate indemnity or
                        reimbursement which that person has received or shall
                        receive otherwise than under this Part.

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<PAGE>   5

        23.4    The directors are authorized from time to time to cause the
                Company to give indemnities to any director, officer, employee,
                agent or other person who has undertaken or is about to
                undertake any liability on behalf of the Company or any
                corporation of which it is a shareholder.

        A policy of directors' and officers' liability insurance is maintained
by the Company which insures directors and officers for losses as a result of
claims against the directors and officers of the Company in their capacity as
directors and officers and also reimburses the Company for payments made
pursuant to the indemnity provisions under the Articles and the BCCA.

        Insofar as indemnification for liabilities under the Securities Act of
1933 (the "Securities Act") may be permitted to directors, officers or persons
controlling the Company pursuant to the foregoing provisions, the Company has
been advised that in the opinion of the Commission such indemnification is
against public policy in the United States as expressed in the Securities Act
and is therefore unenforceable.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED

        Not applicable.

ITEM 8.  EXHIBITS
<TABLE>
<CAPTION>

    EXHIBIT                      DESCRIPTION
    -------                      -----------

     <S>           <C>   <C>                                                    
      4.1          --    Intrawest Corporation Stock Option Plan
      5.1          --    Opinion of McCarthy Tetrault
     23.1          --    Consent of McCarthy Tetrault (see Exhibit 5.1)
     23.2          --    Consent of KPMG LLP Independent Chartered Accountants
</TABLE>



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<PAGE>   6

ITEM 9.  UNDERTAKINGS

        (a)     The undersigned 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: (i) to
include any prospectus required by section 10(a)(3) of the Securities Act of
1933; (ii) to reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement;
(iii) to include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement.

                (2)     That, for purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment 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.

                (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 undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
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 of 1933 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 Securities and
Exchange Commission such indemnification is against public policy as expressed
in the 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 Act and will
be governed by the final adjudication of such issue.




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<PAGE>   7

                                   SIGNATURES

           Pursuant to the requirements of the Securities Act of 1933, 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 authorized and has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized in the City of Vancouver, Province of
British Columbia, Country of Canada, on this 28th day of October, 1998.

                                   INTRAWEST CORPORATION


                                   By:         /s/ JOE S. HOUSSIAN
                                      ---------------------------------------
                                      Name:   Joe S. Houssian
                                      Title:  Chairman, President and Chief 
                                              Executive Officer


           Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities indicated on this 28th day of October, 1998.

<TABLE>
<CAPTION>
                             SIGNATURE                                                          TITLE

<S>                                         <C>
                                                                     
/s/  JOE S. HOUSSIAN                         Chairman, President and Chief Executive Officer
-----------------------------------          (Principal Executive Officer)
Joe S. Houssian                              


/s/  DANIEL O. JARVIS                        Executive Vice President and Chief Financial Officer
-----------------------------------          and Director (Principal Financial Officer)
Daniel O. Jarvis


/s/  DAVID C. BLAIKLOCK                      Corporate Controller  
-----------------------------------          (Principal Accounting Officer)
David C. Blaiklock


/s/  R. THOMAS M. ALLAN                      Director
-----------------------------------
R. Thomas M. Allan


/s/  DAVID A. KING                           Director
-----------------------------------
David A. King


/s/  GORDON H. MACDOUGALL                    Director
-----------------------------------
Gordon H. MacDougall


/s/  PAUL M. MANHEIM                         Director
-----------------------------------
Paul M. Manheim

                                             Director
-----------------------------------
Paul A. Novelly


/s/  BERNARD A. ROY                          Director
-----------------------------------
Bernard A. Roy


                                             Director
-----------------------------------
Khaled C. Sifri

                                             Director
-----------------------------------
Hugh R. Smythe


/s/  NICHOLAS C. H. VILLIERS                 Director
-----------------------------------
Nicholas C. H. Villiers

                                             Director
-----------------------------------
Charles E. Young
</TABLE>



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<PAGE>   8

             INDEX TO EXHIBITS TO REGISTRATION STATEMENT ON FORM S-8


<TABLE>
<CAPTION>
    EXHIBIT                     DESCRIPTION                                      PAGE

<S>               <C>   <C>                                                       <C>
      4.1         --    Intrawest Corporation Stock Option Plan
      5.1         --    Opinion of McCarthy Tetrault
     23.1         --    Consent of McCarthy Tetrault (see Exhibit 5.1)
     23.2         --    Consent of KPMG LLP Independent Chartered Accountants
</TABLE>




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