A series of novel Ir-complexes, namely Ir-L1, Ir-L2, Ir-L3 and Ir-L4, where L1~L4 represent phosphine ligands having different electronic and steric effects, were synthesized in this work. Then the effect of the as-synthesized phosphine ligands on the performance of the Ir(I)-complexes catalysts was investigated for the hydroformylation reaction using H2O as the hydrogen source. It was found that the Ir-complex modified by the ionic bi-dentate phosphines L4 with a strong π-accepting ability ( 1 J 31 P-77 Se =781 Hz) can effectively promote water gas shift reaction (WGSR) and hydroformylation of olefins at the same time. As a result, a 1-hexene conversion of 93% was obtained, and the total yields of the target (linear and branched) aldehydes were up to 93% when using the Ir-L4 catalyst. Meanwhile, the yield of hexane from the hydrogenation of 1-hexene was less than 1%, showing that the side reaction of olefin hydrogenation can be almost completely inhibited when using H2O as the hydrogen source. Moreover, by using the ionic liquid of [MePh3P]Br as the solvent, Ir-L4 catalyst can be efficiently recovered for at least 5 times.