The Canadian Motorsport Hall of Fame exists to honour and recognize the efforts, achievements and contributions that Canadians have made in the realm of Canadian Motorsports.
The Canadian Motorsport Hall of Fame was officially opened in 1993, and began inducting honourable members in that year. The first set of inductee recognition panels was displayed in a special section at the Canadian Sports Hall of Fame at the Canadian National Exhibition grounds. The space permitted the display of only one vehicle. This first vehicle was the 1983 March Indycar of Jacques Villeneuve (Sr.) There soon was a need for a larger facility and the search began for a new home of what was to be a Motorsport museum.