Monocarbonyl rhodium complex LRh(CO), 1, which is stabilized by a pyrrole-based bis(phosphinimine) pincer ligand (L=κ3 -NNN'=2,5-[i Pr2 P=N(4-i PrC6 H4 )]2 -N'(C4 H2 )- ), serves as a versatile platform for the dehydrogenation of group 14 substrates. Reaction with primary and secondary silanes and germanes (MesSiH3 , Et2 SiH2 , Ph2 GeH2 , t BuGeH3 ; Mes=mesityl) liberates H2 and yields base-stabilized tetrylene compounds of the form κ2 -L(CO)Rh(ER2 ) (E=Si: R=Mes, H, 2; R=Et, 5; E=Ge: R=Ph, 6; R=t Bu, H, 8). The ":ER2 " fragment in these species bridges between the rhodium center and a phosphinimine donor. Preliminary reactions between pinacol (Pin) and κ2 -L(CO)Rh(ER2 ), E=Si, Ge, indicate that such complexes can serve as silylene and germylene synthons, releasing :ER2 and catalytically generating PinER2 . In contrast, combination of complex 1 and MesGeH3 does not yield the anticipated dehydrogenation product, but rather, transmetalation similar to that observed upon reaction between 1 and 3,5-dimethylphenylborane prevails.