the coming year; the new year
A slightly formal or literary expression for the year that is about to begin, often used in New Year's greetings or reflective contexts.
May the coming year be a good one for everyone.
We started preparing to welcome the new year.
A fixed phrase composed of 来る (くる, 'to come') and 年 (とし, 'year'). The reading くるとし is a standard combination of the verb's attributive form and the noun.