I am in the same boat Vinnie .. I want to go out to the track this year too. There is a BMW Trillium club event on April 27-29 at MoSport.
They have web pages devoted to explaining advanced track days, what you need and ho it works.
http://trillium-bmwclub.ca/
http://trillium-bmwclub.ca/firstdrivingschool
Let me know if you plan on going. If my schedule permits I'd tag along with my car.