Company: TCPA
Filing Date: 2025-10-06
Form Type: SUPPL
Source: 0001193125-25-231083
Chunk: 52

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-06
Form: SUPPL
Chunk 52
---
 the difference, if any, between (i) the amount realized upon such disposition (other than any amount equal to any accrued but unpaid stated interest (and any additional amounts paid with respect thereto), which, if not previously
included in such U.S. holder’s income, will be taxable as ordinary interest income in accordance with the U.S. holder’s method of tax accounting as discussed above) and (ii) such U.S. holder’s adjusted tax basis in the Note.

A U.S. holder’s adjusted tax basis in a Note will generally equal the amount such U.S. holder paid for such Note, increased by any
OID previously accrued by such U.S. holder with respect to such Note, decreased (but not below zero) by any payments received by a U.S. holder other than payments of qualified stated interest with respect to the Note.

Any gain or loss recognized upon the sale, exchange, retirement, redemption or other taxable disposition of a Note generally will be U.S.
source capital gain or loss and will be long-term capital gain or loss if the U.S. holder has held the Note for more than one year at the time of the sale, exchange, retirement, redemption or other taxable disposition.
Non-corporate U.S. holders (including individuals) generally are subject to tax on long-term capital gains at reduced rates. The deductibility of capital losses is subject to limitations. Prospective U.S.
holders should consult their own tax advisors concerning the creditability or deductibility of any non-U.S. income tax imposed on the disposition of Notes in their particular circumstances.

Foreign Financial Assets Reporting

Certain U.S. holders are required to disclose on their U.S. federal income tax returns certain information relating to an interest in the
Notes, subject to certain exceptions (including an exception for Notes held in accounts maintained by certain financial institutions). Prospective U.S. holders should consult their own tax advisors regarding the effect, if any, of these rules on
their ownership and disposition of the Notes and regarding their tax reporting obligations.

Backup Withholding and Information Reporting

In general, information reporting requirements will apply to payments of principal and interest and any accruals of OID on the
Notes and to the proceeds from the sale or other disposition (including a retirement or redemption) of a Note paid to a U.S. holder unless such U.S. holder is an exempt recipient and, when required, provides evidence of such exemption. Backup
withholding may apply to such payments, including payments of accrued OID, if the U.S