RE:CHRWhen you buy a debenture, you pay the seller the accrued interest, and on the next payment date, you get the entire payment. At tax time, you will get a T5 for the entire amount and have to remember to claim the accrued interest you paid the seller. If you don't, you will be taxed on your own money that was paid back to you. The net effect is you get paid the interest from the date you bought the debenture.
If you contact the help line for your broker, they can probably explain it better than me.