The team improved from its second-place finish to place first in the Canadian Division and qualify for the playoffs.
The Canadiens lost in a playoff rematch against the rival Maroons in a two-game total-goals series 3–2.
Howie Morenz, the NHL's top drawing card, dominated the scoring race and was runaway winner of the Hart Trophy.
The Canadiens, who were running away with the Canadian Division at mid-season, slumped after an injury to Pit Lepine but managed to hold on to first place at season's end.
[3] The Canadiens received a first-round bye and met the Maroons in the semi-finals.