The 1949–50 SM-sarja season was the 19th season of the SM-sarja, the top level of ice hockey in Finland. Eight teams participated in the league, and Ilves Tampere won the championship.
| Club | Sp | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 7 | 7 | 0 | 0 | 50:18 | 14 | ||
| 2. | 7 | 6 | 0 | 1 | 41:16 | 12 | ||
| 3. | 7 | 5 | 0 | 2 | 45:22 | 10 | ||
| 4. | 7 | 3 | 0 | 4 | 39:37 | 6 | ||
| 5. | 7 | 3 | 0 | 4 | 29:41 | 6 | ||
| 6. | 7 | 2 | 0 | 5 | 24:55 | 4 | ||
| 7. | 7 | 1 | 1 | 5 | 31:42 | 3 | ||
| 8. | 7 | 0 | 1 | 6 | 22:50 | 1 |