If you don't have any other option to immigrate to Canada and you have $550 to burn I say go ahead and apply. VOs are not there to reject you over a week (technically 5 days). If you meet all other criterias and you provide them with explanation letters and good reference letters, you might have a chance.
I was off by 5 days. But the VO was kind enough to let it go. Although I have to say I had brilliant work experience and reference letters (including one from a government position) so these might have played a role in my application.
Do your calculations once again, fill in the app, send it and keep your fingers crossed. It's a shot in the dark that costs $550, if you hit the target, voila! If you don't, then, you don't!
Best of luck,