Canon G5 X has a 20.0MP 1-inch (13.2 x 8.8 mm ) sized BSI-CMOS sensor and features DIGIC 6 processor. On the other hand, Nikon 1 S2 has a 14.0MP 1-inch (13.1 x 8.8 mm ) sized CMOS sensor and features Expeed 4A processor.
Canon G5 X's sensor provides 6MP more than Nikon 1 S2's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Below you can see the G5 X and 1 S2 sensor size comparison.
Canon G5 X and Nikon 1 S2 have almost the same sensor size so none of them has any significant advantage over other in providing control over depth of field when used with same focal length and aperture.