How is CCA calculated differently in the case of grants, subsidies and rebates?

If you receive a grant, subsidy or a rebate from the government or a government agency to purchase a depreciable property, the amount of the grant, subsidy or rebate must be deducted from the capital price. This rule is also applicable to GST and HST where input tax credit (ITC) may have been received. ITCs are considered to be government assistance and should be subtracted from the capital cost.