T2 Schedule 50 (T2SCH50): Shareholder Information

Definition

Schedule 50 (T2SCH50), "Shareholder Information," discloses the identity and ownership percentage of every shareholder who holds 10% or more of the corporation’s common and/or preferred shares. The schedule applies to private corporations only. Public corporations (those listed on a designated stock exchange) are exempt.

The ownership information should agree with the share register and the corporation’s other disclosures, including any associated-corporation information. Schedule 50 is not a substitute for separately applying the association or TOSI rules.

Key rules

Filing threshold: Required if the corporation is private and has one or more shareholders (individuals, corporations, trusts, or partnerships) holding 10% or more of the corporation’s common and/or preferred shares. A shareholder holding 5% of common and 12% of preferred, for example, must still be reported because the 10% threshold is met on the preferred class.

Information required per shareholder:

• Name of the shareholder, with the kind of shareholder in brackets after the name: corporation, partnership, individual, or trust
• Exactly one identifier: a business number, a partnership account number, a social insurance number, or a trust number. "NR" goes in the business number column for a shareholder that is not registered
• Percentage of common shares owned
• Percentage of preferred shares owned

There is no address column on the schedule, and no place to name a trust's trustees, settlor or beneficiaries. A trust is reported by its trust number, and who stands behind the trust is reported through the trust's own return.

Ownership changes: Retain the share register and dated issuances, transfers and redemptions. The form requests separate common and preferred percentages; its published instructions do not state a universal “highest percentage during the year” rule. Resolve a changing or unusual ownership structure against the applicable return instructions rather than inventing that rule.

Schedule 50 example

Northern Widgets Inc. has the following shareholder register at its 2026 year-end:

Three shareholders are reported, each with the identifier that matches what they are:

Sam Lee is not reported. The family trust is reported because its preferred ownership clears the 10% threshold on that class, even though its common holding does not.

Common mistakes

• Omitting corporate shareholders such as a holding company. A corporate shareholder is reported with its business number, in the format the schedule asks for: nine digits, two letters and four digits, or "NR" if it is not registered.
• Misreporting a trust. A family trust holding shares must be listed by its trust account number, not by the trustees or beneficiaries.
• Assuming a trust, nominee or bare-trust arrangement can be reported solely from a bank-account label. Establish the actual shareholder and the correct identifier from the legal and tax records.
• Reusing last year’s percentages after an issuance, transfer or redemption without reconciling the ownership records.
• Forgetting that a 100% subsidiary must still report its parent on Schedule 50.

Official source

CRA Schedule 50 and its reporting instructions.

Related concepts

• T2 Corporate Return Overview
• CCPC Status
• Associated Corporations Rule
• Share Classes