- Governor General's Literary Award for English language fiction (1968, 1978, 1986)
- Canadian Booksellers Award for Lives of Girls and women (1971)
- Shortlisted for the annual (UK) Booker Prize for Fiction (now the Man Booker Prize) (1980) for The Beggar Maid
- The Writers' Trust of Canada's Marian Engel Award (1986) for her body of work 
- Rogers Writers' Trust Fiction Prize (2004) for Runaway 
- Trillium Book Award for Friend of My Youth (1991), The Love of a Good Woman (1999) and Dear Life (2013)
- WH Smith Literary Award (1995, UK) for Open Secrets
- Lannan Literary Award for Fiction (1995)
- PEN/Malamud Award for Excellence in Short Fiction (1997)
- National Book Critics Circle Award (1998, U.S.) For The Love of a Good Woman
- Giller Prize (1998 and 2004)
- Rea Award for the Short Story (2001) given to a living American or Canadian author.
- Libris Award
- Edward MacDowell Medal for outstanding contribution to the arts by the MacDowell Colony(2006).
- O. Henry Award for continuing achievement in short fiction in the U.S. for "Passion" (2006), "What Do You Want To Know For" (2008) and "Corrie" (2012)
- Man Booker International Prize (2009, UK)
- Canada-Australia Literary Prize
- Commonwealth Writers Prize Regional Award for Canada and the Caribbean.
- Nobel Prize in Literature (2013) as a "master of the contemporary short story".
- 1992: Foreign Honorary Member of the American Academy of Arts and Letters
- 1993: Royal Society of Canada's Lorne Pierce Medal
- 2005: Medal of Honor for Literature from the U.S. National Arts Club
- 2010: Knight of the Order of Arts and Letters
- 2014: Silver coin released by the Royal Canadian Mint in honour of Munro's Nobel Prize win 
- 2015: Postage stamp released by the Canada Post in honour of Munro's Nobel Prize win 
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