Planet
The smallest known planet is PSR B1257+12A, one of the first extrasolar planets discovered, which was found in 1992 in orbit around a pulsar. Its mass is roughly half that of the planet Mercury. The smallest known planet orbiting a main-sequence star other than the Sun is Kepler-37b, with a mass (and radius) slightly higher than that of the Moon.
Smallest organisms
The smallest organisms found on Earth can be determined according to various aspects of organism size; including volume, mass, height, length, or genome size.
Given the incomplete nature of scientific knowledge, it is possible that the smallest organism is undiscovered. Furthermore, there is some debate over the definition of life, and what entities qualify as organisms; consequently the smallest known organism (microorganism) is debatable.