Young Money’s #1 rapper Drake will be honored with the 2011 Allan Slaight Award by Canada’s Walk of Fame.

Peter Soumalias, founding director of Canada’s Walk of Fame, said of one of Canada’s most prized possessions, “At 24 years of age, Drake has already achieved what has taken others a lifetime to do. He is kind, smart, talented, philanthropic and driven. He is an inspiring example to all, and we are proud to recognize him this year as our young Canadian making a positive impact.”

The Allan Slaight award is customarily given to a young person in the country who makes a difference in the fields of sports, innovation, music, literature, film, the performing arts and philanthropy.

Drake will be presented with a $10,000 honorarium, which he says he will then donate to Dixon Hall, a service that provides assistance to families who live in low income neighborhoods around his hometown of Toronto.

In a press release (via AllHipHop), the “Headlines” rapper humbly stated, “I am a proud Canadian, and I am grateful to Canada’s Walk of Fame and the Slaight Foundation for this award.”

Congrats Drizzy!