Necessary materials:
Create a new document – 1280 * 1024px, 72 px / inch.
Fill the background with the color # 2b070e.
Create a new layer, fill it with a background texture.
To remove the white background, go Select – Color Range – Fuzziness (100%) (Highlighting – Color Range – Blur), using Eyedropper tool
(Pipette) (I) click on the white background and click OK.
Delete the selected area.
Apply effects to the created layer:
Duplicate (CTRL + J) layer with texture, set Fill (Fill) = 0%, apply Gradient overlay (Gradient overlap).
Paste the texture Old paper, place it at the bottom center of the image.
Via Eraser tool
(Eraser) (E) small diameter create broken edges.
Apply the following effects:
You should have something like this:
Insert the image with the calendar.
To create a shadow, draw a rectangular selection, create a new layer under the calendar layer and fill it with black. Set the blending mode Multiply (Multiplication), Opacity 30% and Filter – Blur – Gaussian Blur (Filter – Blur – Gaussian Blur) (approximately 2%).
Insert the image with a nail.
Create a new layer above the calendar layer.
Fill it with white.
Move on Filter – Distort – Lens Correction – Vignette (Filter – Distortion – Distortion Correction – Vignette): Amount (Amount) -46, Midpoint (Midpoint) +35.
Set the blending mode Multiply (Multiplication) and Opacity (Opacity) 75%.
Insert the image with the winter forest.
Apply the transformation, move the bottom edge slightly to the right, using Edit – Transform – Skew (Editing – Transformation – Tilt).
Adjust the shape of the image with Edit – Transform – Warp (Editing – Transformation – Deformation).
To remove extra corners, create a selection using Polygonal Lasso Tool
(Rectangular lasso) (L).
We erase the corners of the image.
Adjust the bottom edges of the image with a forest using a soft round eraser (E)
Make the forest layer darker.
Add effect Gradient tool (Gradient overlap):
Install Levels (Levels) as in the screenshot below:
Insert the image with the tree.
Create a large spot of light under the image with a tree. Set the blending mode Overlay (Overlap).
To create a light spot, use a large soft brush
(B) with the following parameters:
The brush should be this size:
Draw small white spots above the tree, set the blending mode to Soft light (Soft light).
Create a calendar selection. I used Lasso Tool
(Lasso) (L).
Fill the selected area on the new layer with white color, set Fill (Fill) = 0%.
Apply gradient.
We draw a small figure, as in the screenshot below:
Repeat the previous steps and apply a gradient.
Create another shape:
We put on the working paper the curled paper.
Insert the icicles and place them under the layer with the paper.
Set the icing mode for icicles Screen (Lightening).
Apply Gradient overlay (Gradient overlap):
Select the icicle and fill the selection on a new layer, which is placed under the layer with icicles, in black.
Move the black layer slightly to the left and down. Load the selection of the original layer with icicles and delete the selected area on the black bottom layer.
We apply the same actions for other icicles.
We write the text Chopin Script font. Apply Edit – Transform – Rotate (Editing – Transformation – Rotate).
Apply Gradient overlay (Gradient overlap) and Inner shadow (Inner shadow).
Create a shining snow effect on the Christmas tree.
Take a small round brush with the following parameters:
For falling snow, create a new layer and fill it with black.
Add noise:
Apply filter Blur (Blur).
Set the blending mode of this layer to Screen (Lightening).
Experiment with the settings Levels (Levels).
We use Free transformation (CTRL + T) and transform in perspective to get something similar:
Create layer mask 
for a layer with snow.
Fill it with a linear gradient from gray to white and, using a round soft brushes, (B) make the left and right edges invisible.
Add big and small dots using soft brush and adjusting its size.
Add a snow effect outside using a small soft brush with parameters like a step with shining snow.
Insert the image with the tape.
Cut it and place it on a new layer.
Set the background blending mode to Multiply (Multiplication).
We load the selection of curled paper, invert it (SHIFT + CTRL + I) and delete the extra background from the ribbon layer.
Set the blending mode for tape to Multiply (Multiplication) so that it becomes translucent, and Opacity (Opacity) at 75%.
Duplicate the tape layer, then go Image – Adjustments – Black White (Image – Correction – Black and White).
Make the black and white image more contrast with Levels (Levels) move the white and black sliders to the center.
Set the blending mode for the black and white layer to Screen (Lightening) and Opacity at 85%.
Add snowflakes using special brush.
Apply the following effects:
To add shadows, on a new layer, create a black shape of the same shape as a snowflake.
Transform the shadow using Edit – Transform – Skew (Editing – Transformation – Tilt).
Blur the lower part of the shadow with Blur tool
(Blur) (Strenght (Intensity) = 100%).
Add more snowflakes using the steps above.
Create a sparkling effect using standard Photoshop brushes.
And here is the final result:
(click on image to enlarge)
