What option is NOT available for Eve regarding the eligible amount from her mother's RRIF?

The correct answer highlights the options available to Eve regarding the eligible amount from her mother's Registered Retirement Income Fund (RRIF). In this case, purchasing a deferred annuity is not a viable option since the taxation and withdrawal rules associated with RRIFs typically do not permit this form of transfer.

When a beneficiary receives funds from a RRIF, they can usually access the amount in several ways that keep in line with tax regulations and financial planning strategies. For example, withdrawing cash immediately offers liquidity but has immediate tax implications. Transferring the amount to her own RRIF maintains the tax-deferred status of those funds, allowing for continued growth within a registered plan. Receiving the amount as a lump sum also serves as a straightforward method of accessing the funds, though it would also incur tax liabilities in the year of withdrawal.

In contrast, the purchase of a deferred annuity does not align with the typical handling of a deceased person’s RRIF assets. Such annuities generally require a different treatment and may not be applicable immediately in this context, making it the option that is not available to Eve.