Here is the link for the Canon website for your product. If you click on the support tab you can put in a question to help you resolve problems.
Here is what I found:
This printer has an ink absorber that takes in ink during the printing and print head cleaning processes. The cleaning process is necessary in order to keep the print head nozzles from becoming clogged. Over the life of the printer, the amount of ink that the ink absorber has absorbed is calculated by the printer.
Eventually, after substantial use, the printer will enter an error condition when the ink absorber is nearly full. At this point, printing is still possible.
Press the <Stop/Reset> button to cancel the error. You will still be able to print for a short period. To protect the printer from damage, you will not be able to print at all once the ink absorber is full.
Canon recommends having the printer serviced before the absorber becomes full. "We are aware that there are many "do-it-yourself" Web sites that offer instructions for making this repair. Replacing the ink absorber is a complicated and potentially messy procedure. Even if the ink absorber is successfully changed, the ink absorber counter must be reset. Be aware that if you attempt this procedure, it is at your own risk."
I have found out how to reset the counter :-
1) With the printer power turned off, while pressing the Resume/Cancel button, press and hold the Power button.
(DO NOT release the buttons. The Power LED lights in green to indicate that a function is selectable.)
2) While holding the Power button, release the Resume/Cancel button. (DO NOT release the Power button.)
3) While holding the Power button, press the Resume/Cancel button 2 times, and then release both the Power and Resume/Cancel buttons. (Each time the Resume/Cancel button is pressed, the Alarm and Power LEDs light alternately, Alarm in orange and Power in green, starting with Alarm LED.)
4) When the Power LED lights in green, press the Resume/Cancel button FOUR times
5) Press the Power button to turn the printer off.
This should reset the counter.
4 You can remove the pads and the holder with a gentle pull.
5 Using a tissue, soak up as much ink as possible and clean the area around the waste
ink area.
6 There is one more waste holder in the right back bottom of the printer. A kind of
sponge. There are few screws and plastic parts to be removed and this sponge needs to be
washed, dried and placed again. Be careful and patient. This is no understatement. On the
iP1500 this requires the dismantling of most of the printer. Take a photograph (even with your
cell phone) so you can trace back your steps. On the iP1500 the drive motor on the side (Just
behind the waste ink pads) has to be removed to get to the main sponge. You also need to
take care as you lift the slide/carriage. Below this you find 5 little springs.
7 Carefully replace the holder and the pads. Close printer.
8 Whilst printer is disconnected from the mains power, press and hold the power button
and reconnect to ac power.
9 Release the power button.
10 Press the power button again.
Thank
1st Option
1 Unplug power cord
2 Press and hold power button
3 Plug in power cord and switch on power - still holding power
button
4 Still holding power button press resume button 8 times
5 Release power button
6 Press power button to turn on
2nd Option
1 Turn off printer and disconnect power cable
2 Press and hold power button, reconnect power cable and switch power on
3 The indicator (LED) should be GREEN
4 Press and release resume button, still holding power button, the indicator (LED) should be ORANGE
5 Press and release resume button again, still holding power button, the indicator (LED) should be GREEN
6 Release power button
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