In 1964, Jackson was inducted into Canada's Sports Hall of Fame. In 1983, he was made an Officer of the Order of Canada. In 2005, he was appointed Chief Executive Officer of Own the Podium 2010 and inducted into the University of British Columbia Sports Hall of Fame. In 2009, he was named by CBC Sports as one of the 25 most influential Canadians in Sports for 2009. In 2012, Jackson was appointed to the Alberta Order of Excellence. In June 2015, he received an honorary degree from Western University in London, Ontario.