Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 74

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 74
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 the Non-U.S. Holder may be subject to backup withholding on payments on the Notes or
on the proceeds from a sale or other disposition of the Notes. Compliance with the certification procedures required to claim the exemption
from withholding tax on interest described above will satisfy the certification requirements necessary to avoid backup withholding as
well. Backup withholding is not an additional tax. The amount of any backup withholding from a payment to a Non-U.S. Holder will be allowed
as a credit against the Non-U.S. Holder’s U.S. federal income tax liability and may entitle the Non-U.S. Holder to a refund,provided that the required information is furnished to the IRS.

FATCA

Provisions in the Code and
the U.S. Treasury Regulations promulgated thereunder, commonly referred to as “FATCA,” generally impose a withholding tax
of 30% on payments to certain non-U.S. entities (including financial intermediaries) with respect to certain financial instruments, unless
various U.S. information reporting and due diligence requirements have been satisfied. An intergovernmental agreement between the United
States and the non-U.S. entity’s jurisdiction may modify these requirements. Withholding under these rules (if applicable) applies
to payments of interest on the Notes (including any OID) and to payments of gross proceeds of the sale, exchange or retirement of the
Notes. However, under proposed U.S. Treasury Regulations (the preamble to which specifies that taxpayers are permitted to rely on them
pending finalization), no withholding will apply on payments of gross proceeds. Non-U.S. Holders, and U.S. Holders holding Notes through
a non-U.S. intermediary, should consult their tax advisors regarding the potential application of FATCA to the Notes.

Material Canadian Income Tax Considerations

The following summary describes
the principal Canadian federal income tax considerations under the Tax Act generally applicable to a purchaser who acquires notes, including
entitlement to all payments thereunder, as a beneficial owner pursuant to this offering and who, at all relevant times, for purposes of
the application of the Tax Act, (1) is not, and is not deemed to be, resident in Canada; (2) deals at arm’s length with the Issuer
and the Guarantors, and with any transferee resident (or deemed to be resident) in Canada to whom the purchaser disposes of the notes;
(3) does not use or hold the notes in a business carried on in Canada; (4) is