OTTAWA -- The federal government is set to reduce the number of new immigration applications it accepts in a dramatic change of policy aimed at cutting the backlog of nearly 900,000 people who have already applied to enter Canada.

Sources say Immigration Minister Diane Finley will table an amendment to the Immigration and Refugee Protection Act as early as Thursday. The new legislation will limit the number of new applications accepted and processed annually.

The act currently requires the government to process every application that enters the system -- a provision that has led to the huge backlog and a wait-time of around four years for an application to be processed.

"It isn't sustainable," said one source, who added that the overall number of immigrants admitted to Canada is more likely to increase than fall in the coming years, even if the number of new applications accepted drops dramatically.

<snip - balance of article at link - http://www.financialpost.com/story.html?id=370894>

Woooaaaah! Lots of words.

Thom, there's some discussion on this already in this thread and also this one.