Dividend Payment FAQs
Payment of dividends will be delivered to the U.S. holders in U.S. Dollars converted at the prevailing exchange rate on the dividend record date.
Q: Why was a U.S. Back-Up Withholding Tax deducted from my Dividend payment?
Registered U.S. Shareholders who have not submitted a W-9 tax form to Computershare Trust Company of Canada ("Computershare") will have seen a 28% U.S. Back-Up Withholding Tax deducted from their Gross Dividend. In order to prevent this back-up withholding from being deducted from future dividends, please complete a W-9 tax form and return to the Computershare (address listed below).
Computershare Trust Company of Canada
100 University Avenue, 8th Floor
Toronto, Ontario
M5J 2Y1
Beneficial U.S. Shareholders should contact their broker or bank for additional information.
Q: Why was a Non-Resident Tax Deducted from my Dividend Payment?
U.S. Shareholders are entitled to benefits under the Canada-U.S. tax treaty whereby the rate of Canadian withholding tax is reduced to 15% from the standard 25%.
If you incurred a Non-Resident Tax of 25% deducted from your dividend payment, you will need to submit the “Declaration of Eligibility for Benefits under a Tax Treaty for a Non-Resident Taxpayer” (NR301 Tax Form) to AST at the address below (Registered Shareholders only) in order to take advantage of the benefits under the tax treaty outlined above. This form would have been mailed to you back in March and again in April.
You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes. Please consult with your tax advisor or accountant for more information.
Beneficial U.S. shareholders should contact their broker or bank for additional information.
Q: I was enrolled in the Dividend Reinvestment Program (DRIP) with Spectra, but received a Dividend cheque from Enbridge?
On November 2, 2018, Enbridge Inc. announced that it has suspended its dividend reinvestment and share purchase plan (DRIP) until further notice. As a result, shareholders participating in the DRIP will automatically receive cash dividends.
If Enbridge elects to reinstate the DRIP in the future, the shareholders that were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the DRIP.
For more information, please refer to our news release.
Registered Shareholders who require information specific to their account should contact the Computershare Trust Company of Canada at 1-866-276-9479.
Beneficial Shareholders who require information specific to their account should contact their Broker or Bank.
Q: I’d like to have my Dividend payments direct deposited and not by cheque. Where can I find the form to set this up?
Registered shareholder should contact Computershare Trust Company of Canada at 1-800-276-9479.
Beneficial shareholders should contact their broker or bank for additional information.
