An annual award is made in his name to a member of the graduating law class of Osgoode Hall Law School, where his full-length portrait hangs. A small village in Muskoka, on the old Peterson Colonization Road, was named for him.
An annual prize is presented in his honor to a member of the Osgoode Hall Law School graduating class, where he has a full-length portrait displayed. A small community in Muskoka, along the old Peterson Colonization Road, bears his name.