Expand Canvas
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Menu -> Image -> Expand Canvas

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Expands the canvas area of the current window by a selected number
of pixels.
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This increases the size of the image and is useful if you want to
create a "pasteboard" around the background image with the
color of your choice.
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Expand Color
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Click the color square to select the color of the new canvas that
will surround the existing image.
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Expand sides equally
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Increases all four sides by the same value.
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