SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No. 3)

                                LOGICVISION, INC.
                              --------------------
                                (Name of Issuer)

                         Common Stock, par value $.0001
                        ---------------------------------
                         (Title of Class of Securities)

                                    54140W107
                                 --------------
                                 (CUSIP Number)

                                December 31, 2004
             -------------------------------------------------------
               (Date of Event which Requires Filing of Statement)

        Check the appropriate box to designate the rule pursuant to which this
        Schedule is filed:

        [ ] Rule 13d-1(b)

        [ ] Rule 13d-1(c)

        [X] Rule 13d-1(d)

        *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

        The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).



CUSIP No. 54140W107

    1   NAMES OF REPORTING PERSONS:                           Vinod K. Agarwal

        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):

    2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

                                                                       (a) [ ]

                                                                       (b) [ ]

    3   SEC Use Only

    4   CITIZENSHIP OR PLACE OF ORGANIZATION     Canada

  NUMBER OF SHARES          5    SOLE VOTING POWER            1,234,374shares*
BENEFICIALLY OWNED BY
EACH REPORTING PERSON       6    SHARED VOTING POWER          None
      WITH
                            7    SOLE DISPOSITIVE POWER       1,234,374 shares*

                            8    SHARED DISPOSITIVE POWER     None

    9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY
        EACH REPORTING PERSON                                 1,234,374shares*

   10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
        EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)                         [ ]

   11   PERCENT OF CLASS REPRESENTED
        BY AMOUNT IN ROW (9)                                              6.5%

   12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                         IN

* Includes 787,500 shares beneficially owned pursuant to stock options
exercisable within 60 days of December 31, 2004.



ITEM 1(a)  NAME OF ISSUER:

           LogicVision, Inc.

ITEM 1(b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

           25 Metro Drive, Third Floor, San Jose, CA 95110

ITEM 2(a)  NAME OF PERSON FILING:

           Vinod K. Agarwal

ITEM 2(b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

           25 Metro Drive, Third Floor, San Jose, CA 95110

ITEM 2(c)  CITIZENSHIP:

           Canada

ITEM 2(d)  TITLE OF CLASS OF SECURITIES:

           Common Stock, $.0001 par value

ITEM 2(e)  CUSIP NUMBER:

           54140W107

ITEM 3.    IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR 13D-2(c)
OR (c), CHECK WHETHER THE PERSON FILING IS A:

           (a)  [ ] Broker or Dealer registered under Section 15 of the Act

           (b)  [ ] Bank as defined in section 3(a)(6) of the Act

           (c)  [ ] Insurance Company as defined in section 3(a)(19) of the Act

           (d)  [ ] Investment Company registered under section 8 of the
                    Investment Company Act of 1940

           (e)  [ ] Investment Adviser in accordance with Section
                    240.13d-1(b)(1)(ii)(E)

           (f)  [ ] An employee benefit plan or an endowment fund in accordance
                    with Section 240.13d-1(b)(1)(ii)(F)

           (g)  [ ] Parent holding company or control person in accordance with
                    Section 240.13d-1(b)(ii)(G)

           (h)  [ ] A saving association as defined in Section 3(b) of the
                    Federal Deposit Insurance Act

           (i)  [ ] A church plan that is excluded from the definition of an
                    investment company under section 3(c)(14) of the Investment
                    Company Act of 1940

           (j)  [ ] Group, in accordance with Section 240.13d-1(b)(ii)(J)

           Not applicable.

ITEM 4.    OWNERSHIP

           Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

           (a)  Amount beneficially owned: 1,234,374 shares of Common Stock.

           (b)  Percent of class:  6.5%.  The calculation of percentage of
                beneficial ownership was based on 18,170,357 shares of Common
                Stock outstanding as of December 31, 2004.



           (c)  Number of shares as to which the person has:

                (i) Sole power to vote or to direct the vote: 1,234,374 shares,
           which includes 787,500 shares beneficially owned pursuant to stock
           options exercisable within 60 days of December 31, 2004.

                (ii) Shared power to vote or to direct the vote: None.

                (iii) Sole power to dispose or to direct the disposition of:
           1,234,374 shares, which includes 787,500 shares beneficially owned
           pursuant to stock options exercisable within 60 days of December 31,
           2004.

                (iv) Shared power to dispose or to direct the disposition of:
                     None.

ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

           If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].

ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

           Not applicable.

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
           CONTROL PERSON

           Not applicable.

ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

           Not applicable.

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP

           Not applicable.

ITEM 10.   CERTIFICATIONS

           Not applicable.



                                    SIGNATURE

           After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.

           Dated:  February 9, 2005.

                                                     By   /s/ Vinod K. Agarwal
                                                         -----------------------
                                                            Vinod K. Agarwal