Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 53

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 53
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) stocks and securities issued by non-United States persons,
(ii) financial instruments and contracts that have non-United States issuers or counterparties, and (iii) interests in
foreign entities. United States holders that are individuals are urged to consult their tax advisor regarding the application of
this reporting requirement to their ownership of the Notes.

Material Canadian Income Tax Considerations

The following is, as of the
date hereof, a general summary of the principal Canadian federal income tax considerations under the Tax Act applicable to a purchaser
of Notes as beneficial owner pursuant to the prospectus and this prospectus supplement who, at all relevant times, for purposes of the
Tax Act and any applicable tax treaty (i) is not resident or deemed to be resident in Canada; (ii) deals at arm’s length
with and is not affiliated with the Corporation, any of its affiliates or the underwriters; (iii) deals at arm’s length with
any transferee who is resident or deemed to be resident in Canada and to whom the purchaser assigns or otherwise transfers the Note; (iv) is
not a “specified shareholder” (as defined in subsection 18(5) of the Tax Act) of the Corporation or a person that does
not deal at arm’s length with a specified shareholder of the Corporation; (v) is not an entity in respect of which the Corporation
is a “specified entity” as defined in subsection 18.4(1) of the Tax Act and is not a “specified entity” in
respect of any transferee resident (or deemed to be resident) in Canada to whom the purchaser disposes of the Notes; (vi) is entitled
to all payments under the Notes; and (vii) does not use or hold and is not deemed to use or hold a Note in carrying on business in
Canada (a “Non-Resident Holder”). This summary is based on the current provisions of the Tax Act, proposed amendments to the
Tax Act publicly announced prior to the date of this prospectus supplement (the “Proposed Amendments”) and counsel’s
understanding of the current published administrative practices of the CRA in effect as of the date hereof. This summary is not exhaustive
of all possible Canadian federal income tax considerations applicable to a Non-Resident Holder and does not anticipate any changes in
law or administrative practice, nor does it take into account provincial, territorial or foreign tax considerations, which may differ
significantly from those discussed herein. There can be no assurance