Croydon Wood, 49, and Michael Wood, 41, were located Saturday on the shores of Minas Basin in their hometown of Parrsboro, N.S.
The fishermen were reported missing after setting out on two ATVs at about 5 p.m. Friday to check on lobster crates they had stored on the shore of the basin.
RCMP spokesperson Sgt. Brigdit Leger says Croydon was found by family members early Saturday morning, while Michael was located by a search and rescue team later that day around 3:30 p.m.
She says foul play is not suspected at this time, and an autopsy for both men is scheduled for Monday in Halifax.
The Parrsboro area experiences the highest tides in the world and the water can rise quickly.