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Thank you so much for your response. But could you please explain me what do you mean by new LMIA? If my employer has that then how long will it take to get my visa extended?

Hi...I am a software Engineer and I have Canada Visa (Work permit with my company) which is going to expire by Jan 22nd, 2015. I am currently residing in India and my employer want to extend my visa now. Is it possible to extend it for a year, if I apply for it today? If no, then what I need...