Thanks again Gentlemen.
Will have to do a long, hard re-think on what decision to take.
My only concern at this point is when will I find out about the refusal. If it is a long time, like 42 months+, then that means that I will not be able to reapply in 2015 while this application is still in progress, and when I finally find out I've been refused sometime in 2017 or 2018, I would have lost 4 years and will have to start from square 1 anyway.
I've been waiting to sponsor my mom and brother since 2009. Due to personal circumstances, I was only eligible to apply in Jan 2012, but CIC froze the program from Nov 2011. In the past 2-3 years, my brother passed the eligible age limit of 22 so I'm unable to sponsor him anymore. I was hopeful that I would be able to sponsor my mom at least since even though the rules were tightened, I was meeting the new income requirements. But the new guidelines released on Dec 31st asking for 2010 income have once again crushed my dreams.
The Supervisa is a poor alternative to PGP. It is costly and provides little healthcare coverage as the plans have a maximum coverage limit of only $200k or so. What happens in the case of a serious illness such as cancer etc? In addition the fact that one's on a "visa" means that one will always perceive oneself as being an outsider, being allowed a slightly longer peek into Canada than usual, but still feeling apart from the rest of society.
I had been running pillar to post since Oct of this year to get the police clearance certificates and other documents and had filled out all the forms in November itself. If I'd known that this new requirement would suddenly emerge on Dec 31st, I wouldn't have gone through all the trouble.
Oh well, I tried my best. Maybe I should still send the application in and hope for a stroke of luck. Or maybe not, if I want to reapply in 2015 rather than in 2018 after getting a refusal. Not sure what to do right now. :'(