In 2002, Kaneff was awarded the Bulgarian Order "Stara Planina first degree".

In 2010 Kaneff was awarded the Order of Ontario.
For the generous sponsorship and building renovations of Osgoode Hall Law School in 2010, York University awarded him the honorary Doctor of Juridical Science.

For the sponsorship of Kaneff Centre in Bulgaria in 2013, Ruse University awarded him the honorary Doctor of Science.

In December 2016, Kaneff was named a Member of the Order of Canada.
In 2002, Kaneff was awarded the Bulgarian Order "Stara Planina first degree".
In 2010 Kaneff was awarded the Order of Ontario. For the generous sponsorship and building renovations of Osgoode Hall Law School in 2010, York University awarded him the honorary Doctor of Juridical Science.
For the sponsorship of Kaneff Centre in Bulgaria in 2013, Ruse University awarded him the honorary Doctor of Science.
In December 2016, Kaneff was named a Member of the Order of Canada.
Ignat Kaneff