Liquid crystalline elastomers (LCEs) have demonstrated tremendous potential in applications such as soft robotics, biomedical materials, electronics, sensors, and biomimetic systems. The physical properties of LCEs are controlled by the degree of crosslinking, nature of the mesogens, and mesogen orientation in the LCE network structure. A wide range of dynamic covalent bonds (DCBs) capable of dynamic bond exchange reactions (DBERs) have been introduced into LCE structures to obtain intelligent materials in recent decades. In this review article, we discuss the molecular constitution, macrostructure, morphing mechanism, recent advances in LCEs with dynamic covalent bonds, the influence of DCBs on self-healing, reprogramming and reprocessing properties of LCE actuators, and challenges and opportunities in incorporating dynamic chemistry in the field of LCE actuators.