Cloud or local storage for Canadian Tax Receipts?

Hi all!

The developers are investigating storage solutions for tax receipts, since you have to retain an unalterable copy of every receipt for a minimum of six years from the end of the last tax year to which the receipt relates. For those organizations who are hosted with us, we are leaning strongly toward cloud storage, rather than local file storage. For non-hosted organizations, we could provide a script that supports an organization's own cloud storage solution, unless local storage is preferred.

I did some searching and couldn't find any CRA rules/regulations regarding local versus cloud storage of tax receipts.

  1. Do any of you have a preference or policy for one storage solution over another?

  2. If so, it would be very helpful if you could share why you prefer or mandate local or cloud storage.

Thank you all so much for your time!

Meaghan