My PR card expired in late 2023 and I did not renew it as yet. I understand that for renewal of PR card, one needs to be residing in Canada for 730 days during the last five years. Presently I am about 150 days short of this requirement. I need to travel out of Canada and need the PR card. I checked on the IRCC website and the PR renewal processing times have drastically reduced to about 14 days. I wanted to check from experienced members here that if I apply for PR card renewal now (i.e. I am about 120-150 days short), what are the odds that the application will be accepted. In case it is likely to be rejected, what are the downsides for that ? or after a rejection now, I can simply apply again after the 730 days have been completed ? I know it is safer to wait till 730 days are completed, but that's another 4 to 5 months away. I would appreciate your suggestions. Thanks.
First, the 14-day expected can pretty much be assumed to apply ONLY to the straightforward, in-compliance cases. (And possibly some other criteria too)
The outcome mentioned by
@Buletruck is possible even though I think that is low probability (if you are indeed only 150 days short and still residing in Canada).
However: that doesnt mean it's a good idea, the possibility of that worst outcome still exists.
One outcome that I
think may be the highest probability is that they just delay the processing (considerably), possibly beyond the 150 days you still need for compliance, and possibly require you to come to an IRCC office in Canada to receive it. In other words: likelihood of a quick PR card being issued is rather low.
If you must travel and can return by landborder (via USA) that may be your best chance. If that's not possible, you can leave and apply for a PRTD abroad - where you'd be asking for H&C consideration for [some reasons you were not in compliance and just had to travel], but that may take quite some time; it also risks IRCC refusing the PRTD, which would worsen your chances of retaining PR status (considerably).
Best option is to remain in Canada and apply for PR card after you get in compliance, and the only (essentially) risk-free way to retain your PR status.