Olympus E-M1 II has a
20.0MP Four Thirds (17.4 x 13 mm ) sized CMOS sensor and features TruePic VIII processor. On the other hand, Canon M50 II has a
24.0MP APS-C (22.3 x 14.9 mm ) sized CMOS sensor and features Digic 8 processor.
Another difference between these two cameras is that Olympus E-M1 II's sensor lacks anti-alias (Low-Pass) filter. Removing anti-alias filter increases the sharpness and level of detail but at the same time, it increases the chance of moiré occurring in certain scenes.
Below you can see the E-M1 II and M50 Mark II sensor size comparison.
As seen above, Canon M50 II has a 1.5x Larger sensor area than Olympus E-M1 II. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.