I did called CIC and agent I spoke to doesn't seem to have creditable information. But unusually, he sounded very very confident. This is what he said to me:
1. Though theoretically Bill C24 could be imposed anytime after 30 days notice period its highly unlikely that it will be before July/August 2015. His argument was there is lot of preparation or background work that needs to be completed before CIC could impose the rule (Though I did not cross-question him on this, how does he know at what stage CIC is in terms of background preparation. I am certain CIC agents do NOT have this information).
2. He asked me when I became PR or my PR application is still in process? Then, he argued that this new rule will be applicable ONLY to those who becomes PR after rule comes into force. This is very contrary to what I have been hearing on this form. However his logic was, when all those people who got PR before law will be enforced, knew that they need only 3 years after PR to get citizenship. That's why they chose to come to Canada because, it allows to get Citizenship quickly. If we impose the rule on them, certainly its unfair to them. Going ahead he said "rest assure we definitely cannot impose it on guys who became PR before June 2014 as they were NOT even aware that such rule is going to be enforced". I just hanged up after thanking him.
I am posting it here just for the info, though I do not personally believe, it what I heard. Any thoughts guys?