Loss of Emplyoment for a Closed Work Permit

[sisabed]

I am staying in Canada with a W1 category visa, which expires in June 2014. The Work Permit is closed implying that I can work for a particular employer only. The Work Permit is co-terminus with the visa. If I choose to resign from this company then -
(i) Can I continue to stay in Canada till the expiry of the visa without any work, i.e. till June 2014.
(ii) Can I search for an employment and if I get one (based on a successful LMO authorization), what is the procedure to apply for a new Work Visa and new Work Permit.

Regards

 

[SenoritaBella]

(i) Yes, you can continue to stay in Canada until it expires. If you don't mind me asking, why do you want to resign? I only ask because if there is a just reason for it, you may be eligible to claim Employment Insurance(EI) benefits.
(ii) If your new employer obtains a positive LMO, you first need to apply for your work permit. After getting it, you can apply for a work visa.