Canfield has worked as a teacher, a workshop facilitator, and a psychotherapist. He is a Democrat and a follower of "the secret" and the Law of Attraction, and his hobbies include tennis, travel, skiing, running, billiards, reading, and guitar. In 1962, he graduated from high school at Linsly Military Institute in Wheeling, West Virginia and he received a BA in Chinese History in 1966 from Harvard University and an MEd at University of Massachusetts Amherst in 1973. In 1971 he married Judith Ohlbaum, with whom he had two children. In 1978 he was named Outstanding Young Man of America by the U.S. Jaycees. On September 9, 1978, he married Georgia Lee Noble, with whom he had a son (Christopher N. Canfield). They divorced in December 1999. On July 4, 2001, Canfield married for a third time to Inga Marie Mahoney. In the recently released Long Past Stopping, Canfield's first son, Oran, details a troubled childhood with a distant father, as well as his skepticism of the entire self-help genre in which his father became famous.
In 1990, Canfield shared with Mark Victor Hansen the idea for the Chicken Soup for the Soul series and after three years, the two had compiled sixty-eight stories. Canfield has appeared on numerous television shows, including Good Morning America, 20/20, Eye to Eye, CNN's Talk Back Live, PBS, The Oprah Winfrey Show, The Montel Williams Show, Larry King Live, and the BBC.
Canfield is the founder of "Self Esteem Seminars" in Santa Barbara, and "The Foundation for Self Esteem" in Culver City, California. One of Canfield's most recent books, The Success Principles (2005), shares 64 principles that he claims can make people more successful. In 2008, he wrote The Success Principles for Teens with Kent Healy, as a result of the success of his original book. In 2006, he appeared in the DVD, "The Secret", and shared his insights on the Law of Attraction and tips for achieving success in personal and professional life. In the summer of 2004 Canfield founded The Transformational Leadership Council (TLC), a closed membership, invitation only members' club.