2. The expression “Québec or otherwise Canadian value added” means(1) in the case of goods, the proposal(a) of goods in the natural state obtained entirely in Québec or elsewhere in Canada;
(b) of goods entirely produced in Québec or elsewhere in Canada from goods referred to in subparagraph a only; or
(c) of goods whose last substantial transformation was carried out in Québec or elsewhere in Canada; and
(2) in the case of services or construction work, the portion of the tendered price for the services or construction work corresponding to those for which an enterprise assigns for the carrying out of the work natural persons residing in Québec or elsewhere in Canada.
For the purposes of this Regulation, “substantial transformation” means a fundamental change to goods in terms of function, character or nature that gives them their essential characteristics.