Okay, so the "New Year Honours" in Canada is when the government gives out special awards to people who have done really good things. These awards are called "orders" and they have different levels, like bronze, silver, gold, and platinum.
The people who get these awards are usually people who have helped their communities or done great things for their country. For example, doctors and nurses who work really hard to take care of people can get awards, or people who volunteer at charities or donate a lot of money to good causes.
Getting one of these awards is a really big deal and it shows that the person getting it is incredibly important and has done something really great. It's like getting a really shiny gold star in school, but instead of being for doing good work in class, it's for doing good work in the world.
Everyone who gets an award is recognized in a special ceremony and a lot of people come to cheer for them and show their support. It's a really happy day for everyone involved!