The incident unfolded on a Saturday night in November on a property in Markham, Ont., near 9th Line and 14th Avenue.
The boy's father plunged through a piece of plywood unexpectedly and ended up at the bottom of a well. The water was freezing cold and up to his waist.
His young son went knocking on the doors of nearby homes for help, which eventually brought emergency responders to the scene.
The boy will receive "a special award of bravery" during a ceremony at police headquarters on Monday.
The same ceremony will also see young people recognized for their volunteer work, as well as for their excellence in "police, fire and paramedic studies."