Should I accept this job?

I am currently working in industry and considering switching to government. I live in Canada. West coast (not the lower mainland). I have received an offer.

My current role I have been at for just under a year. (My previous job I was at for 5 years and sort of enjoyed but was disliking the general direction executive management was taking the company in. I wanted a permanent, steady company to be at long term).

My current role: My current role pays $140,000 CAD annually. I receive 4 weeks of vacation per year. Benefits are okay. No pension or RRSP. There is a small annual bonus. I am the senior accountant and report to the CFO/owners. The company is private and has some super weird and annoying quirks. The CFO wants me to take over in 15-20 years when he retires (hes about 65 but the man is a workaholic, I doubt he'll retire anytime soon).

Pros of my current role: Great salary Wonderful coworkers Solid company with good reputation

Cons of my current role: No work from home. I commute a 40 min/50 KM drive each way, every day. My partner and I would eventually move closer but id have to sell my house. Hours can be long. I leave my house at 7:30 and get home around 6 PM. The owners are all family and with that comes annoying quirks of a family run corporation. My boss is insanely old school with really frustrating tendencies and behaviors. Im used to it now but the first few months were frustrating. The job is so boring and I feel like most of what I do is just ... approving peoples work and helping the CFO with random ad hoc stuff. I miss accounting and actual analysis. We are down a junior accountant for one of the smaller related companies and my boss is considering having me "fill in" for 18 months because he cant find anyone he likes enough to hire for that role. I really dont want to have a sudden change in my jobs role. At all.

Im worried that if the company falls on hard times, I would be the first to go as Im very well paid but not responsible for one specific thing. They created this role for me as I have niche experience in the industry and the company is expanding/growing and the CFO cant keep up with everything.

The new job offer: With the provincial government. Union. Pension. Working as an auditor. Pros: work from home 3 days a week, in office 2 days a week (five minutes from home) Government pension. Stable and unionized. Mat leave. No struggle with time off. Basically just set your office email whenever you want to "out of office". 3 weeks per year + 1 week if you accrue OT.

Cons: It only offers $48/hr x 37.5 hrs per week, with annual raises that eventually caps out at rougly $118,000 (after 5 years I think?)

New type of work (audit) so im a little nervous.

So im not sure if I should take this new role or not. Its a big pay cut for me (I think about $50,000 before tax?). But im tempted. Has anyone switched from industry to government? If so do you like it?