Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 50

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 50
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 lien, encumbrance, title retention agreement or other security interest
whatsoever, howsoever created or arising, whether absolute or contingent, fixed or floating, perfected or not.

| S-35 |

<div align='center'>Material Income Tax Considerations</div>

Each of the summaries under this section “Material Income Tax Considerations” is of a general nature only and is not intended to be, and should not be construed to be, legal or tax advice to any particular holder, and no representation is made with respect to the United States federal tax consequences or Canadian tax consequences to any particular holder. Accordingly, prospective purchasers are urged to consult their own tax advisors with respect to the United States federal tax consequences or Canadian tax consequences relevant to them, having regard to their particular circumstances.

Material United States Federal Income Tax Considerations

This section describes
the material United States federal income tax consequences of owning and disposing of the Notes we are offering. It applies only to
holders who acquire Notes of a series in the offering at the offering price for the Notes of that series and who hold their Notes as
capital assets for United States federal income tax purposes. This section does not apply to members of a class of holders subject
to special rules, such as a broker-dealer in securities, commodities, or currencies, a governmental organization, a trader in
securities that elects to use a mark-to-market method of accounting, a bank, thrift or other financial institution, a life insurance
company, a tax-exempt organization, a real estate investment trust, a regulated investment company, a foreign person or entity, an
insurance company, a person that owns Notes that are a hedge or that are hedged against interest rate risks, a person that owns
Notes as part of a “straddle”, “constructive sale”, “hedge” or “conversion
transaction” for United States federal income tax purposes, a person that purchases or sells Notes as part of a wash sale for
United States federal income tax purposes, a tax deferred or other retirement account, a person holding Notes that are a hedge or
that are hedged against interest rate risks, a partnership, S corporation or other pass-through entity, or a person whose functional
currency for tax purposes is not the United States dollar. This section addresses only certain U.S. federal income tax consequences
and does not address any state, local or non-U.S. tax consequences, or any tax consequences arising under the Medicare contribution
tax on net investment income or the estate, gift