In a large mixing bowl using a hand mixer or stand mixer, beat the cream cheese and butter.
Add the vanilla extract and both sugars, and beat the mixture until combined.
Add ½ cup of white chocolate chips and ½ cup of chopped cnady canesand fold together with a spatula.
Line a 6 inch bowl with a long piece of plastic wrap. You want enough plastic wrap to fold over and cover the top of the cream cheese.
Pour the cream cheese mixture in the bowl on top of the plastic.
Wrap the plastic wrap tightly around the cream cheese mixture.
Place the bowl with the cheese ball in the fridge for at least 2 hours and up to overnight to chill and firm back up.
Mix the remaining white chocolate chips and chopped peppermints in a large bowl and place the chilled cheese ball on top.
Using your hands, lightly press them into the cheese ball and roll it around until it is fully covered
Place on a large serving platter with an assortment of cookies, pretzels, graham crackers, and other treats.