Ownership reporting threshold in Canada?

[manualofideas]

Since we have many Canadian investors here, I was hoping someone would know the ownership reporting threshold for Canadian public companies.  In the U.S., one has to file a Schedule 13G or 13D when ownership exceeds 5% of a company.  From what I can tell, the threshold might be 10% in Canada, but if someone knows for sure, that would be much appreciated.  Thanks!

[SharperDingaan]

 

The % is principal based vs codified. Would a prudent person deem your ownership % a material consideration (disclose) or an investment (don't disclose)?

 

Own >5% of a Sched-A Bank, major life insurer, & you'd probably want to voluntarily disclose (or risk OSFI making the institution involuntarily disclose it). In most other cases about 10%, subject to whatever you're allready disclosing in your own literature.

 

SD 

[manualofideas]

That's interesting, thanks.  So it sounds like if one intends to be a passive investor, 10% would be the appropriate threshold.  This is also what I've typically seen in terms of the Early Warning Reports that are filed on SEDAR.