Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 54

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 54
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of, 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 that the Proposed Amendments will be enacted as proposed or at all.
Special rules, which are not discussed below, may apply to a Non-Resident Holder that is an insurer which carries on an insurance business
in Canada and elsewhere. This summary assumes that no amount paid or payable as, or on account or in lieu of payment of, interest (including
any amounts deemed to be interest) will be in respect of a