On October 26, 2010, Peters published his autobiography, Call Me Russell, co-written with his brother, Clayton, and Dannis Koromilas.
In 2010, Peters established the Russell Peters North Peel Scholarship, an award worth up to $21,000 and intended to finance up to three years of college. It will be awarded annually to a student from Judith Nyman Secondary School (formerly North Peel) with a strong academic record and the intention of attending college.
Peters proposed to girlfriend Monica Diaz on July 10, 2010 at the Los Angeles International Airport and announced their engagement via Twitter. The couple married on August 20, 2010 at A Little White Wedding Chapel in Las Vegas, Nevada. The wedding was attended by about 20 guests, including an Elvis impersonator. Soon after, Peters told The Canadian Press that Diaz was pregnant, saying, "Did I get married because she was knocked up? I would say that expedited it." Their daughter, Crystianna Marie Peters, was born two months early on December 14, 2010. In a March 2012 interview, Peters revealed that he and Diaz were divorcing.