Magnan was born in Sherbrooke, Quebec. As a youth, he played in the 1999 and 2000 Quebec International Pee-Wee Hockey Tournaments with a minor ice hockey team from Sherbrooke. He was drafted by the New Jersey Devils in the 5th Round (148th overall) of the 2006 NHL Entry Draft, and played 18 National Hockey League games in the 2010–11 season with the Devils.
On July 10, 2012, Magnan joined newly promoted Austrian club, Dornbirner EC, from his first European club abroad in Italy with HC Pustertal Wölfe.
On September 1, 2020, having played eight seasons with Dornbirn and captaining the club, Magnan opted to return by agreeing to a one-year contract extension with the Bulldogs.

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