The move comes after the election of Donald Trump as president of the US, in the fear that his administration will result in more censorship of the Internet.
During the presidential campaign, Trump said that the US should consider "closing" the Internet to prevent the spread of extremism.
"We're losing a lot of people because of the internet," Trump said at a rally in December last year. "We have to see Bill Gates and a lot of different people that really understand what's happening.
In a blog post, the man behind the archive, Brewster Kale, wrote: "On November 9th in America, we woke up to a new administration promising radical change. It was a firm reminder that institutions like ours, built for the long-term, need to design for change.
"For us, it means keeping our cultural materials safe, private and perpetually accessible. It means preparing for a Web that may face greater restrictions."
The archive's Wayback Machine saves something in the region of 300 million Web pages a week.
"The history of libraries is one of loss," Kale wrote. "The Library of Alexandria is best known for is disappearance. Libraries like ours are susceptible to different fault lines: earthquakes, legal regimes, (and) institutional failure.
"So this year, we have set a new goal: to create a copy of Internet Archive’s digital collections in another country. We are building the Internet Archive of Canada because, to quote our friends at LOCKSS, 'lots of copies keep stuff safe'. This project will cost millions."
Donations can be made here.