TORONTO -- Toronto alternative R&B singer the Weeknd will be honoured at Canada's Walk of Fame Show next month.

Organizers say the 24-year-old will receive the Allan Slaight Award at the event on Oct. 18.

The annual award, which comes with a $10,000 honorarium, "recognizes young, inspirational Canadians who have achieved international success" in various fields.

Last year's recipient was Carly Rae Jepsen.

The Weeknd is the stage name for Toronto native Abel Tesfaye, who rose to fame in 2011 with several online mixtapes and a Drake collaboration.

He's since launched his own record label, released a studio album and earned two Juno Awards.

The Walk of Fame show at Toronto's Sony Centre for the Performing Arts will air on Global later this year.

"The Weeknd has catapulted into the mainstream in a relatively short period of time," Melanie Hurley, CEO of Canada's Walk of Fame, said in a statement. "He is a uniquely talented artist who is driven and dedicated to his work. His overall contribution to music in Canada is something to be applauded, and we are proud to recognize him this year with this award."