A statement from CTV said: "Peters puts his own irreverent twist on the Christmas special."
The show, which will broadcast at the beginning of December, will feature a mix of animation, stand up and sketch comedy and musical performances.
Other guests who will appear in the 60-minute transmission include crooner Michael Bublé, The Love Boat star Ted Lange and comedian Job Lovitz.
Over the last two years Pamela has spent the festive season taking a starring role in British pantomimes - a type of comedy musical theatre show traditionally shown around Christmas time - and has admitted she loves appearing in the festive productions.
She has said: "My agent came to me and just said, 'This is something you probably don't want to do but how about pantomime?'
"He explained it was a kind of theatre and I thought it would be fun. He told me that it was funny and light-hearted and I thought it would be perfect because it's funny that I'm on stage at all!
"I have two homes in Malibu and I just love pouring my heart out in pantomime. I feel that this is where I should be headed, more so than wearing bikinis."
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